The Real Deal New York

Harlem lot slated for 124K sf apartment building

HAP bought vacant corner lot with plans for 10-story structure
July 29, 2014 03:35PM

Shortly after buying a vacant Harlem lot for $13 million, HAP Investment Management has filed plans for a 10-story apartment building with 124,000 square feet.

The planned building at 2211-2217 Third Avenue, also known as 214-216 East 121st Street, would hold 93 residential units and nearly 12,100 square feet of retail space. There will also be 77 parking spots, and no inclusionary housing component. Karl Fischer is serving as the architect.

Tahl Propp Equities sold the 17,661-square-foot parcel to HAP. The lot last sold in 2010 for approximately $9 million when it emerged from foreclosure. [NY YIMBY]Mark Maurer