310 West 144th Street, New York, NY, 10030, US

310 West 144th Street

Asset Description

JLL has been retained on an exclusive basis to arrange the ground lease of 310 West 144th Street (“the Property”), a vacant, 4-story, elevatored garage that is located on the south side of 144th Street between Bradhurst Avenue and Frederick Douglas Boulevard. The current garage layouts would afford an operator 130 parking spots or a developer could redevelop the property for multifamily or subsidized housing use.

The property is situated in a R7A zoning district which grants an as-of-right FAR of 3.44 for Residential use and 6.5 FAR for community facility which affords flexibility to a developer.

The property is situated between beautiful parks such as St. Nicholas Park, Jacob H. Schiff Playground and Riverside Park and is a short walk to The City College of New York. 310 West 144th Streets accessibility is unparalleled as it’s located a short walk from the 145th Street subway station with direct access to the A B C D 1 trains providing access to midtown Manhattan in 25 minutes.

Ownership is currently pursuing a long term ground lease for this incredible opportunity and encourage all interested parties to submit bids.

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Attributes

Building area net

1,705 m²

Year built

1920

Land area gross

464 m²

Media

Investment Highlights

Prime Multifamily / Subsidized Housing Conversion Opportunity

The R7A zoning is zoned for both residential and community facility which will afford a developer the opportunity to utilize the 32,474 square feet of development rights.

Property Delivered Vacant

The vacant delivery allows for new ownership to have flexibility and creativity in the redevelopment of the property.

Excellent Accessibility

The property is within walking distance of the A B C D 1 subway lines, providing riders with access to the rest of Manhattan and the outer boroughs.

Steps from The City College of New York

With over 15,000 students, the City College of New York is a driver of major activity around the property.

Proven Harlem Neighborhood

Central Harlem has established itself as a highly sought-after destination for large scale commercial developments resulting in a true live-work neighborhood.