50,000 sf, East 40s NY, NY Development/Conversion
The subject development site is a 50` x 100` lot consisting of a vacant 5-story commercial building and its available air rights yielding a total buildable footage of approximately 50,000 square feet based on an FAR of 10.0 as derived from the site`s C6-4 zoning designation. The zoning also qualifies for a potential 20% bonus in inclusionary air rights for the creation of low income housing, bringing the FAR up to 12.0. See zoning computation below.
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