September 6, 2019
Development Site Advisors has been hired to sell 400 W. 219th St., an Inwood parcel that’s reportedly the largest development site on the market in Northern Manhattan. The asking price is set at $22.5 million, or roughly $156-per-buildable-square-foot.
Encompassing a full block front along Ninth Avenue, the lot spans 20,000 square feet, with 400 feet of wrap-around frontage. Rezoned in August 2018 as part of a comprehensive rezoning of the Inwood neighborhood, 400 W. 219th offers approximately 144,000 buildable square feet with a maximum height of 210 feet. It’s also located within a Qualified Opportunity Zone.
“With an abundance of parks, Inwood is the emerald crown atop Manhattan, and one of its best kept secrets,” said Lev Kimyagarov, managing principal of Development Site Advisors. “There are multiple large-scale development projects poised to break ground in the coming year, from both private and public entities.
Connect National Investment & Finance is coming to New York on Oct. 23. For more information, or to register, click here.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
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