A Harlem prison with Central Park views is closing down — and developers are ready

Lincoln Correctional Facility provides a rare park front development site for Harlem

New York /
May.May 28, 2019 03:00 PM
31-33 West 110th Street

31-33 West 110th Street (Credit: Google Maps and Pixabay)

For decades, white collar criminals and drug offenders have stood atop the Lincoln Correctional Facility and enjoyed sweeping vistas of Central Park.

Now, the 72,000 square-foot Harlem prison at 31-33 West 110th Street is set to close — giving developers a rare opportunity to seize a property with Central Park frontage, according to the New York Daily News.

An aerial of the Lincoln Correctional Facility at 31-33 West 110th Street

An aerial of the Lincoln Correctional Facility at 31-33 West 110th Street (Credit: Google Maps)

“It’s prime, trophy real estate, and it’s exactly what everyone wants,” Mae Bagai, a broker at Sotheby’s International Realty, told the outlet.

The eight-story building is being closed by the state’s Empire State Development, which is also closing another prison upstate due to a reported drop in incarceration rates.

Brokers told the Daily News that the building could be converted into a luxury condominium or rental project.

There’s no guarantee it will become a playground for the rich. In 2016, the son of Warren Buffett and his wife won a bid to convert the former Bayview Correctional Facility for women in Chelsea into a mixed-use space for the advancement of women.

Harlem real estate prices have skyrocketed in recent years. In January, a pair of townhouses at 32 and 33 Mount Morris Park West were listed for $27 million. At Circa Central Park, a new development at the corner of West 110th Street and Frederick Douglass Boulevard, a penthouse sold for $2,531 a square foot in October.

And last year, developer Chaim Nortman filed plans to convert a church at 11 Hancock Place into 69 luxury residential condos. [NYDN] — David Jeans


Related Articles

arrow_forward_ios
45 South Grove St in East Orange (Rendering via Progress Capital)
Hero Construction lands $20M loan to build East Orange apartments
Hero Construction lands $20M loan to build East Orange apartments
The rise of e-commerce, fueled by the pandemic, has created unprecedented demand for cardboard-producing facilities. (iStock)
Cardboard demand could fuel an industrial real estate boom
Cardboard demand could fuel an industrial real estate boom
MSCI CEO Henry Fernandez and Real Capital Analytics founder Robert White (MSCI)
MSCI to acquire Real Capital Analytics for $950M
MSCI to acquire Real Capital Analytics for $950M
Donald Trump and the Trump International Hotel & Tower in Chicago (Getty, iStock)
Donald Trump is owed $1M tax refund on Chicago skyscraper
Donald Trump is owed $1M tax refund on Chicago skyscraper
From left: One WTC, Douglas Durst, Donald and Steven Newhouse (iStock, Getty)
Condé Nast pays back rent at One WTC, ending standoff with Durst
Condé Nast pays back rent at One WTC, ending standoff with Durst
From left: Camber Property Group principals Rick Gropper, Andrew Moelis, Harlem Congregation for Community Improvement president Malcolm Punter and 104-110 West 144th Street in Harlem (Photos via Camber, Harlem Congregation, Ariel Property Advisors)
Affordable housing developer Camber Property buys 60-unit Harlem complex
Affordable housing developer Camber Property buys 60-unit Harlem complex
Revitalization Initiatives for the Hampton Bays (South Hampton Town Gov.)
NIMBYs plague rezonings in the Hamptons, too
NIMBYs plague rezonings in the Hamptons, too
Floor & Decor CEO Thomas Taylor and 4 Henry St in Commack (Floor & Decor and Google Maps)
Floor & Decor moving into site of shuttered Target in Commack
Floor & Decor moving into site of shuttered Target in Commack
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...