3rd Ave Dev Assemblage: Full Block-Front Mixed Use
Commanding Footprint: Expansive blockfront visibility along the highly traveled Third Avenue corridor, paired with highly coveted corner exposure on East 124th Street
Massive Manhattan Scale: Major, institutional-sized project delivering 194,162 buildable square feet of mixed-use potential
High-Density Zoning Advantage: Premium C4-6 / EHC zoning allows for an exceptional commercial and residential equivalent of up to a 10.00 FAR
Expansive Lot Area: Offers a rare, substantial footprint of approximately 22,270 square feet of contiguous lot area, providing developers with the critical mass and layout flexibility needed for an efficient building footprint and optimal construction staging
Qualified Opportunity Zone Benefits: Situated entirely within a federal Opportunity Zone, unlocking massive structural tax shelters, capital gains deferrals, and tax-free appreciation benefits
Unbeatable Transit-Oriented Location: Adjacent to the MTA 125th Street expansion station connecting the existing 125th station on Lexington with the future 2nd Avenue Subway
Robust Retail & Institutional Demand: Strategically located near major economic engines like the New York Proton Center biotech hub and Columbia’s Manhattanville expansion
Over 1.5M sqft of mixed-use development slated for the immediate vicinity
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Land/Development |
| Zoning Code: | R7-2 / C4-6 / EHC |
| Opportunity Zone: | No |
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