Great West Harlem Development Opportunity This 1900 built 4-unit townhouse is ready for the next generation of ownership. Situated in prime West Harlem between 7th and 8th Avenues- you will never be far from the action and yet still set on a serene tree-lined block. Parallel to The Apollo, and the new shopping corridor on 125th Street. Two blocks to Morningside Park and two blocks to Marcus Garvey Park. Located near all points of public transportation, including Metro-North rail lines, and A B C D 4 5 6 subway lines, in addition to BX15 M100 M101 and M60 bus lines. 245 West 123rd Street is a perfect townhouse awaiting your master touches. A design palette where you can go free with expression. Current Set Up: 4 Units across 4 floors: 2 floors delivered vacant at closing 2 floors without leases, but will be occupied or delivered vacant with notice. FAR potential 4 Current zoning laws allow for 4,214sqft of buildable footage left, which would be for addition of floors + amazing roof deck, or the ability to build out and have an extension on this R7A lot. Due diligence required. Only the vacant apartment on the first floor can be shown by appointment. Some Interior photos have been virtually enhanced. Property has SRO status, owner will work with buyer on Certificate of Non-Harassment.
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Building Features 3 Floors11 Units


$1,900,000 / $521 per ft²

Last Asking: Oct 23, 2020

6 Beds / 4.0 Baths / 3,640 ft²

Total Monthly expenses: $1,593

Maintenance: - / R.E. Taxes $1,593

Other Details:

Multi Family (4-6 Family)

Lot Size: 16.83' x 100.92' Built: 17.0' x 55.0'

Zoning: C2-3

Exclusively listed with: Compass

Zachary Hassan

(646) 319-5063

Listing Courtesy of Compass

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