Development Site East Harlem
Investment Highlights
East Harlem, shovel-ready development site 52 FT x 75 FT (3,852), R7B zoning, approved plans for 16,615 sf, 7 story building with qualifying affordable housing (QAH)* & 421-A tax abatement. 11,556 BSF without QAH. Normal sale, $2.95M ($255/ $177* PBSF)
Location
📍 East Harlem
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages in Manhattan since 2021, from public ACRIS filings.
- G4 18267, LLC — 3 loans, typically $1.5M–$68.64M
- Cerco Bl9 LLC — 3 loans, typically $3.07M–$6.91M
- Nw 10 West 17TH Lender LLC — 2 loans, typically $11.32M–$27.68M
- Canada Imperial Bank Of Commerce — 2 loans, typically $1.17M–$18.46M
- Levon 75-83 LLC — 2 loans, typically $4.97M–$5.72M
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
