Unparalleled Development Opportunity in Manhattan – 1824 Park Ave
Set amid Harlem’s ongoing transformation, 1824 Park Avenue presents a rare development opportunity in one of the city’s fastest-growing residential corridors.
With 161,913 square feet of buildable residential floor area, this site is primed for a residential project supporting up to 238 apartments in a neighborhood experiencing a wave of new investment and modern living spaces.
The area surrounding 125th Street has seen significant revitalization, including the rise of new luxury and mixed-income residential developments like the critically acclaimed Smile and 1856 Park Avenue which is almost completely leased in record time and the new mixed-income building under construction at 132 East 125th Street.
Alongside these projects, a surge of new retail, entertainment, and dining establishments has solidified Harlem as a premier destination for urban living.
Adding to the appeal, major transit enhancements are underway, including the construction of the Second Avenue Subway hub at 125th Street and Park Avenue, further enhancing neighborhood connectivity.
The Park Avenue Metro North Viaduct Reconstruction and 125th Street Harlem Metro North station improvements will further strengthen the area’s connectivity, making 1824 Park Avenue an ideal site for a new residential landmark.
Please see the Offering Memorandum for more details, and contact us to receive the planning studies.
| Block/Lot | 1750 | 40 |
| Lot Dimensions129 | 149.92′ x 90′ |
| Lot Sq. Ft. | 13,492′ |
| Cross Streets | Park Avenue between E 125th & E 126th Streets |
| Annual Assessment (2025) | $337,500.00 |
| Annual Property Tax (2025) | $36,321.76 |
| Current Income (Short-Term Lease) | $452,051.00 |
| Zoning | Special Transit Land Use District (TA), Special 125th Street District (125th), C6-4 |
| FAR | 12 |
| ZFA | 161,913 |
| MAX DU | 235 |
| Amenities | 4797 |
THE OFFERING IN AN EXPANDING HARLEM
Strategic Realty Partners has been exclusively retained to offer for sale a 100% fee simple interest trophy development site available to acquire in the
heart of the East 125th Street district.
The site is currently occupied by a short- term credit tenant parking user with approximately two years lease remaining, paying a premium for temporary use
of the property. The site is located on the Southeast Corner of east 126th Street and Park Avenue and is located directly across the street from the 125th Street Transit Hub connecting the Metro North with the new Q line and the 4/5/6 at Lexington Avenue.
Harlem is a neighborhood experiencing rapid development and public infrastructure improvements. We have great excitement for the near future and what is in store for this historically undervalued part of Manhattan.
We invite you to participate in the future of this historic neighborhood and to consider the acquisition of this promising development site. Particular information regarding the technical aspects of the site is located on subsequent pages. Please contact us right away with any questions you may have or to obtain the background Zoning Study and Pro Forma analysis prepared to understand the background economics of the site.
