The Forray Team at The Corcoran Group is proud to present an exclusive development opportunity at 1723-1725 Lexington Ave and 152-156 E 108th St. These four contiguous vacant lots, spanning two streets, offer a unique opportunity for prime residential, community facility, commercial, or mixed-use development in the vibrant heart of East Harlem.
The combined lots cover 7,313.37 square feet and are zoned C1-5/R7D (in EHC) and R7A. The potential maximum FAR is 4.2 for market-rate development or 5.5 for affordable housing, allowing for a total buildable square footage of up to 40,648 square feet, including 8,230 square feet dedicated to affordable housing. Additionally, with the City of Yes housing initiative, there is potential to increase the FAR to 5.5, yielding up to 42,361.31 square feet of buildable space.
The combined lots cover 7,313.37 square feet and are zoned C1-5/R7D (in EHC) and R7A. The potential maximum FAR is 4.2 for market-rate development or 5.5 for affordable housing, allowing for a total buildable square footage of up to 40,648 square feet, including 8,230 square feet dedicated to affordable housing. Additionally, with the City of Yes housing initiative, there is potential to increase the FAR to 5.5, yielding up to 42,361.31 square feet of buildable space.
