228 East 122nd Street, New York, NY 10035 Property Information
228 East 122nd Street, New York, NY 10035 Property Information
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- Neighborhood
Address
| Primary address | 228 East 122nd Street |
| Neighborhood | East Harlem |
| Zip code | 10035 |
| Borough | Manhattan |
| Block & lot | 01786-0037 |
Sales & Tax Overview for 228 East 122nd Street, New York
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $28,196 |
Lot & Building Information for 228 East 122nd Street, New York
| Lot sq. ft. | 2,523 |
| Lot dimensions | |
| Property type | Office with Commercial - 1 to 6 Stories (O5)
|
| Building sqft | 6,569 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 3 |
| Year built | 1900 |
| Construction type | Register |
Area Overview
| School district | 4 |
| Community district | 11 |
| Closest police station | 0.24 Miles |
| Closest fire station | 0.14 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 228 East 122nd Street, New York
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About 228 East 122nd Street, New York
This Office with Commercial - 1 to 6 Stories (O5) located at 228 East 122nd Street, New York, NY 10035 has a total of 6,569 square feet.
What is the year built & the current market value of 228 East 122nd Street, New York, NY 10035?228 East 122nd Street, New York, NY 10035 was built in 1900 and has a current tax assessor's market value of $581,000.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease. There are 1 active listings at this address.
Ownership Information for 228 East 122nd Street, New York
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Spaces for Sale in 228 East 122nd Street, New York
| Listing type | For Sale |
|---|---|
| Listing date | 01/15/2026 |
| Last updated | 01/26/2026 |
| Lot size | 0.49 Acre |
Strategic Realty Partners presents 228-252 East 122nd Street, a premier 21,243-square-foot land assemblage featuring 210 feet of frontage and 106,426 buildable square feet, as of right under R7A zoning
This Opportunity Zone-designated site offers significant tax advantages for qualified investments, making it an ideal location for residential or mixed-use development. The property will be delivered vacant, allowing for the immediate construction of up to 156 residential units across two 11-story, contextually designed buildings. Positioned in East Harlem’s booming Second Avenue Subway Phase 2 corridor, the site offers a rare combination of scale, visibility, and flexibility for developers seeking a transformative urban project.
The assemblage sits in a highly connected and amenity-rich location. Just three blocks from the 125th Street-Lexington Avenue transit hub (4/5/6 lines, Metro-North, and future Q line), the property provides unparalleled transit access. Major thoroughfares and local bus lines, including M60-SBS, M101, M103, and M125. The site is surrounded by cultural, retail, and dining destinations, including El Museo del Barrio, Apollo Theater, Rao’s, Patsy’s Pizzeria, and the East River Plaza shopping center. Nearby developments such as 1800 Park Avenue, One East Harlem, The Smile, and The LABS on 121 underscore the corridor’s emergence as Manhattan’s next frontier for growth and investment.
East Harlem has become a magnet for new jobs, development, and renter demand. Over 83% of households are renter-occupied, with more than 600,000 residents within a 2-mile radius, creating a strong, reliable market for residential development. The area benefits from access to parks like Marcus Garvey Park, Thomas Jefferson Park, and Central Park, as well as educational institutions such as Hunter School of Social Work. With ongoing large-scale projects and institutional growth, this site offers a rare opportunity to capitalize on Manhattan’s expanding urban core. 228-252 East 122nd Street represents a transformative development opportunity where scale, connectivity, and market demand converge to create long-term value.
Block/Lot: 1786 / 31, 32, 33, 133, 34, 35, 36, 37
Lot Dimensions: 209.99' x 100.92'
Lot Sq. Ft.: 21,243
Existing Building: 11,319 SF
Cross Streets: 122nd St. between 2nd & 3rd Avenue
Zoning: R7A
FAR: 5.01
Buildable Sq. Ft.: 106,426
Maximum Unit Count: 156
Real Estate Taxes (25/26): $209,456
Brokers
Past Sales & Property History for 228 East 122nd Street, New York
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No recorded sales for this property.
Title Documents for 228 East 122nd Street, New York
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R: Recorded date
D: Document date
Property Taxes for 228 East 122nd Street, New York
Access detailed property tax data for 228 East 122nd Street, New York, NY 10035. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $26,790 |
| Estimated property tax: | $28,196 |
| Tax assessor's market value: | $581,000 |
| Assessed value: | $261,450 |
Assessment History for 228 East 122nd Street, New York
Here's the assessment & property tax history for 228 East 122nd Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $581,000 | $261,450 | $246,960 | 10.848% | $26,790 | $26,790 | -0.40% |
| 2024/25 | $573,000 | $257,850 | $249,930 | 10.762% | $26,897 | $26,897 | +0.63% |
| 2023/24 | $580,000 | $261,000 | $252,360 | 10.592% | $26,730 | $26,730 | +2.00% |
| 2022/23 | $547,000 | $246,150 | $246,150 | 10.646% | $26,205 | $26,205 | +16.95% |
| 2021/22 | $463,000 | $208,350 | $208,350 | 10.755% | $22,408 | $22,408 | -20.43% |
Permits for 228 East 122nd Street, New York
The complete history of permits filed for 228 East 122nd Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
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Manhattan Commercial Market Stats
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
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Risk
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 4 (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Lexington Ave & 125th St at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | 4-5-6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.221 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 2 Av/E 122 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Neighbors for 228 East 122nd Street, New York
Here are the neighbors for 228 East 122nd Street, New York, NY 10035.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 208 E 122nd St, New York | 11,750 | 10/28/2010 | $7,300,863 |
| 207 E 121st St, New York | 2,514 | 07/10/2013 | $780,000 |
| 238 E 122nd St, New York | 01/06/2025 | ||
| 239 E 121st St, New York | 40,385 | 06/08/1999 | |
| 237 E 121st St, New York | 8,000 | 06/25/1991 | |
| 235 E 121st St, New York | 8,000 | 06/29/2007 | $2,000 |
| 216 E 122nd St, New York | 26,400 | 06/14/2002 | |
| 2367 2nd Ave, New York | 2,890 | 01/29/2026 | $5,700,000 |
| 212 E 122nd St, New York | 26,400 | 07/31/2020 | |
| 247 E 121st St, New York | 4,774 | 07/31/1985 | |
| 210 E 122nd St, New York | 5,378 | 03/11/2022 | |
| 2253 3rd Ave, New York | 285,185 | 11/08/1972 | |
| 226 E 122nd St, New York | 5,000 | 06/28/2002 | |
| 224 E 122nd St, New York | 4,000 | 12/28/2016 | $6,726,800 |
| 2371 2nd Ave, New York | 15,417 | 12/16/2016 | $8,550,000 |
| 2239 3rd Ave, New York | 20,000 | 05/02/2005 | |
| 240 E 122nd St, New York | 01/06/2025 | ||
| 2369 2nd Ave, New York | 7,386 | 06/16/1999 | |
| 219 E 121st St, New York | 62,791 | 04/30/1992 | |
| 215 E 121st St, New York | 26,094 | 06/14/2002 |