PERFECT FOR PRIME MIDTOWN EAST DEVELOPMENT! CAN BE DELIVERED VACANT!
The sale of this 43.67′ wide development site located is located on the south side of East 34th Street
between Madison and Park Avenues in the heart of Midtown Manhattan.
The lot has a split zoning of both
C5-3 and C5-2. Approximately 20′ of
frontage lies within a C5-3 zone allowing for 15.0 FAR commercial and
10.0 residential. The remaining 23.67′ of frontage lies within a C5-2 zone
allowing for 10.0 FAR as of right for both commercial and residential use.
When combined, this equates to approximately 52,995 buildable square
feet zoned for commercial use and 43,120 buildable square feet zoned
for residential use.
This location is comprised of 3 retail and 13 residential units.
Two retail units are located on the ground floor, with the third retail unit
located on the second floor. The third, fourth and fifth floor all contain
4 apartments each and a sixth floor contains the penthouse unit. Of
those residential units, 10 are fair market and 3 are rent stabilized.
This property offers a developer a tremendous opportunity to develop a
residential building or hotel building in the prime NoMad neighborhood
right off Park Avenue.
Building Type: Development/Conversion Sites
Location: South side of East 34th Street between Madison & Park Avenues
Lot Dimensions: 43.67 x 98.75
Lot Sq Ft: 4,313
Zoning: C5-3 / C5-2
Residential FAR: 10.0
Commercial FAR: 15.0