62 W 116th St

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Address: 62 W 116th St, New York, NY 10026, USA
New York & Tri-State + 2-4 Units
Created date: February 4, 2026
Date last updated: July 15, 2026
Price: $9,999,999Investment Analyzer NEW!
  • Block-through development opportunity in Central Harlem with rare frontage and scale.
  • Surrounded by multiple new developments on the block, the property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet.
  • Zoned C4-5X/R7X equivalent, allowing for approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
  • The building contains two commercial units, offering a clear redevelopment or repositioning path.
  • The property will be delivered vacant, enabling immediate execution of a new development plan.
  • Approximately a 7-minute walk to Central Park and a 3-minute walk to the 116th Street station (2 & 3 lines), providing direct access to Midtown, Downtown, and the Bronx.

Property Description

Asset CRG Advisors, LLC, has been exclusively retained to market 62 W 116th St, a rare block-through development opportunity in Central Harlem. Situated on a 10,091-square-foot lot, the property features an existing one-story building totaling approximately 8,245 square feet. The building currently houses two commercial units, offering a clear path for redevelopment or repositioning. Zoned C4-5X / R7X equivalent, the site allows for approximately 50,455 buildable square feet as-of-right, with the potential to reach up to 60,546 buildable square feet under the UAP program. The property will be delivered vacant, enabling immediate execution of a new development plan, making it an ideal opportunity for developers and investors seeking frontage, scale, and flexibility in a prime Central Harlem location.
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Broker Details

Ilya Mirzakandov
Ilya Mirzakandov

Asset CRG Advisors, LLC. (646) 768-8500

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $9,999,999
No. of Units: 4
Year Built: 1913
Lot Size: 0.23 Acres
Opportunity Zone: No
Price per unit: $2,500,000
Property Website Click Here
Address: 62 W 116th St, New York, NY 10026, USA
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