NEW YORK | 160 East 125th St | 405-535 FT | 40-53 FLOORS

[Hypothalamus]

Extell makes deal for Harlem Pathmark official
Seller finally approved sale today for $39M

April 16, 2014 06:45PM
By Katherine Clarke


142-96 East 125th Street and Gary Barnett

Extell Development has officially purchased a 68,676-square-foot East Harlem retail property home to Pathmark supermarket, The Real Deal has learned.

The building, at 142-96 East 125th Street, is under a long-term lease with Pathmark and includes approximately 300,000 square feet of residential air rights and over 450,000 total buildable square feet with inclusionary housing bonuses. Extell secured the site for $39 million.

Victor Sozio, Shimon Shkury and Michael Tortorici of Ariel Property Advisors represented the seller, the East Harlem Abyssinian Triangle Limited Partnership, and procured the buyer.

“This was a complex transaction which required a pragmatic approach from both the buyer and seller,” Sozio said in a statement. “The site has been a valuable asset to East Harlem since it was developed in the 1990s and we believe it will continue to benefit the community for many years to come.”

East Harlem Abyssinian Triangle board members were reportedly squabbling over the agreement with Extell but finally approved the deal today.

I don't get the "142-96 East 125th Street" address, so I put in 160 which is where the Pathmark is.

Edit: 142-196 125th, got it!

[scalziand]

It would be more clearly written 142-196 w125. Wonder if its gong to include the empty parcel on the east end of that block.

On a humorous note, are there any more Pathmarks in Manhattan for Extell to buy? First the one on the LES, and now this one.

[NYguy]

https://therealdeal.com/2020/04/10/extel...medium=widget&utm_campaign=feature_posts

Extell’s plan for East Harlem development site revealed
Gary Barnett’s company files documents detailing nine-story office building





April 10, 2020

Extell’s controversial East Harlem development site is destined to become … a low-rise office building.


Gary Barnett’s company, known for soaring, shiny residential spires such as Central Park Tower, filed plans this week to construct a nine-story, 354,000-square-foot commercial building on the property, according to public records.

The building will stand 120 feet tall with the first floor dedicated to retail. About 41,000 square feet will be earmarked for a community facility.

Extell spent $70 million to assemble the block-long site, between Third and Lexington avenues and East 124th and 125th streets. It is known as the Harlem Pathmark site for the former supermarket at 149 East 124th Street.

In 2016, speculation arose that Barnett — whose calling card is ultra-luxury condos — could build up to 600 apartments on the site by tapping into the city’s affordable housing programs.

[Hudson11]

125th Street is prime for office developments with all of the new residential units going online along the corridor. Office tenants can also live in Westchester and beyond thanks to the Metro North connection.

[Busy Bee]

Still, a site like that sitting on top of such a transport hub could have accommodated residential above the office in 2 towers at both ends of the site - it's a full city block.

[NYguy]

https://therealdeal.com/new-york/2025/05...one-second-avenue-subway-extension-site/

MTA moves to build apartments above Second Ave subway extension
Transit authority plans to rezone area, calls for developer to build 684 units in East Harlem


Holden Walter-Warner
May 14, 2025

The Second Avenue subway extension isn’t only about train access. It’s also about development, which the Metropolitan Transportation Authority is ready to pursue.

The MTA filed plans to rezone the block on the south side of East 125th Street between Third and Lexington avenues, Crain’s reported. The site is where the extended Q line is expected to terminate when the next subway phase is built.

The MTA is seeking a developer to build an apartment building with up to 684 units at the MTA-owned site on the west side of the block.

The MTA acquired the site at 160 East 125th Street from Gary Barnett’s Extell Development two years ago for $82 million. It was a premium on what Barnett paid for the site a decade earlier, though the gap is partially filled by what it cost Extell to buy Pathmark out of its lease.

The MTA’s proposed rezoning of the site utilizes City of Yes, which allows for more dense housing. The floor area ratio of the property is expected to exceed what was previously possible in the city.

In addition to a subway entrance on the ground floor, the property is also expected to include 5,000 square feet of retail space. A quarter of the building’s units will be designated affordable through the mandatory inclusionary housing program.

A request for proposals from developers isn’t expected until construction begins on the subway extension; the MTA finished acquiring the requisite sites this year. The mixed-use development isn’t expected to be completed until 2032, but the rezoning is necessary due to the federal government’s requirement that local approvals be in place before project launch.

[NYguy]

[Crawford]

Nice. Some decent height and bulk for Harlem/Upper Manhattan.

If built to 535 ft., I believe that would be the tallest tower in Upper Manhattan.

[NYguy]

Originally Posted by Crawford

Nice. Some decent height and bulk for Harlem/Upper Manhattan.

If built to 535 ft., I believe that would be the tallest tower in Upper Manhattan.

We'll see how much the NIMBYs try to water it down. As it is, I believe those heights are estimates based on the number of floors, so we'll see.

[NYguy]

[NYguy]

A little more...

[NYguy]

https://www.connectcre.com/stories/mta-p...ast-harlem-station-enters-public-review/

MTA Plan for Apartments Above East Harlem Station Enters Public Review





May 21, 2025

The Adams administration has launched the public review process on the Metropolitan Transportation Authority (MTA) 125th and Lexington Rezoning application, an MTA proposal to transform a vacant lot at the corner of East 125th Street and Lexington Avenue in East Harlem into a mixed-use tower with 680 new rental apartments, including roughly 150 affordable units.

The proposed 38-story tower will sit above the future East 125th Street Q train station, the terminus of the Second Avenue Subway. The centrally located site has sat undeveloped since the closure of the Pathmark supermarket in 2015.

“Access to transit makes living in New York more convenient and affordable, and this area has all kinds of subway, bus, and commuter rail access,” said MTA Chair and CEO Janno Lieber. “With the coming Second Avenue Subway extension, this area continues to become even more attractive.”

The roughly seven-month public review process for the proposal will culminate in a vote by the New York City Council.