Disposition of City Property for The Beacon (C 240387 HAM)

• When: 2025/01/23
• Address: 413 East 120th Street
• Address: Block 1808, Lot 8, and an approximately 7,260 square foot area of current East 120th Street running south of Lot 7501 (Condo Lots 1001-1003) and Lot 8 for approximately 363 feet
• City: New York
• State: NY
• Category: City Properties
• Subcategory: Property Transfer
• Asset Class: Multifamily
• Planning Department: True

This application involves the designation of an Urban Development Action Area and an Urban Development Action Area Project for 413 East 120th Street (Block 1808, Lot 8) and an approximately 7,260 square foot area of current East 120th Street. The project also includes the disposition of this property to a developer chosen by HPD. This is part of a larger initiative known as 'The Beacon' which also includes amendments to the City Map and Zoning Map, and the establishment of a Mandatory Inclusionary Housing area.

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