51 East 126th Street

About this property

Douglas Elliman is excited to offer an enticing investment opportunity in an Opportunity Zone at 51 East 126th Street, located in East Harlem between Park and Madison Avenue. This brownstone boasts a generous building size of 3,812 square feet, standing 4 stories, 25 feet wide and 60 feet deep on a 25 x 100-foot lot. Featuring approximately 7 units, this building promises a blend of space and potential. Zoned R7B, it offers a substantial unused FAR of 3,672. The current annual property taxes are set at $24,675. Priced at $1,299,000 for an immediate sale and delivered in as is condition. Located just one block from the 125th Street commercial hub, this property offers unparalleled access to multiple transit options including the 2, 3, 4, 5, 6 subway lines, Metro North, and a range of bus lines (M1, M101, M15-SBS, M60-SBS, M102, M2, M7). Additionally, it's in close proximity to key amenities like Whole Foods, Trader Joe's, Target, and a vibrant selection of shops, services, bars, and restaurants such as Red Rooster, Sylvia's, Corner Social, and more. With several new development projects on both sides of the block, and the upcoming Second Avenue Subway Phase Two, it's an ideal time to invest.