38 West 39th Street

New York, NY 10018

212-581-3003

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East 40s NY, NY Development-Conversion Site for sale $19,000,000

  • $19,000,000
New York, NY, USA

East 40s NY, NY Development-Conversion Site for sale $19,000,000

New York, NY, USA
  • $19,000,000

Description

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.

Details

Updated on June 12, 2020 at 8:45 am
  • Price: $19,000,000
  • Property Type: Investment Properties
  • Property Status: For Sale
  • Price: per square foot
  • City New York

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