Vacant Lot on 88th Street Ready For Development

The Upper West Side has a rare, ready-to-develop vacant townhouse lot at 110 West 88th Street with broker Leslie Garfield. The lot is asking $2.85 million.

Located one block from Central Park, the empty lot at 110 West 88th is a leftover from the tumultuous 101 West 87th Street condo project, now headed up by Bazbaz Development. The developer has already received approval for development of a single-family six story townhouse in the space by Landmarks and the Department of Buildings.

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The plans approved are for a 4,778 square foot elevator home with a contemporary design with limestone facade, bay windows, oversized front and back windows, a stoop, private outdoor spaces, and basement with a wine cellar and recreation room. The lot is 16 by 100 feet, with annual taxes of $30,457, and sits just west of Columbus Avenue.

110 West 88th Street

With a perpetual license agreement, the development will also have access to the aforementioned 101 West 87th Street condo building’s doorman, concierge, gym, garden lounge, roof deck, and childrens’ playroom.

An open lot ready for development in Upper West Side’s Historic District is extremely rare. Particularly this close to Central Park. So it seems likely that bidders will rush in for the opportunity.  If anyone has a cool $3 million dollars for a lot (and then a whole lot more for construction), don’t miss your chance! Here’s the listing.

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