224 E 118th St

Executive Summary

Ariel Property Advisors presents 224-228 East 118th Street, a prime East Harlem

development site that includes additional air rights and light & air easement from

an adjacent neighbor.

The 79’ wide, ~7,980 square foot parcel currently consists of a vacant lot and

vacant townhouse.

Property Highlights

Unique Scale: Along with air rights transferred from Lot 37, R7A zoning

provides 45,313 SF with Standard FAR and up to 54,376 BSF with the UAP FAR

Layout Optionality: Ownership secured a light and air easement from Lot 37,

providing significant flexibility for future building & unit layouts

Strong Residential Location: Centrally located among several recently

constructed rental and condominium properties, the property is an ideal

candidate for either residential types.

Retail Convenience: Major local and national retailers are steps away at East

116th Street, Second & Third Avenues and the nearby East River Plaza.

Transit Accessibility: Easy access to mass transit is provided by the Lexington

Avenue 6 train at East 116th Street, the 4/5 train at East 125th Street and the

planned Second Avenue Q train which is slated to have an entrance at East

116th Street.

Offering exceptional scale, rare layout optionality via a neighboring easement

and prime location, 224-228 East 118th Street represents a premier Northern

Manhattan development opportunity.