ID 2555


FIVE LOT DEVELOPMENT SITE PACKAGE FOR SALE.
128’ WIDE BLOCK THROUGH DEVELOPMENT SITE FOR SALE
PRIME DEVELOPMENT OPPORTUNITY
LOWER EAST SIDE MANHATTAN
NEW YORK, NEW YORK


Lot Size:
Lot Square Footage:
79’ x 100’ 87-91 , 128’ x 100’ 20,700 (approx)

Zoning: (FAR) R7-2 (3.44)
Total Buildable Square Feet: 71,208 (with community facility its 134,550 with a FAR of 6.5) Height limit 80’

Total Assessment: Total Real Estate Taxes:
$2,575,350 (21/22) $276,978.96

Description: A 79’ wide vacant lot along with a 128’ wide vacant lot they both have a total of 71,208 square feet of buildable air rights
for residential development. A property of 134,550 square feet can also be
built and would include community facility and residential units.
The lot is in a neighborhood that is undergoing lots of development with new
hotels and condo buildings. The height limit for new developments in the area
is 80’ which will give the upper floors great views of the East River and both
Brooklyn and Manhattan Bridges. The zoning allows for a residential building
to be built. The project would be great for a building with luxury residential
condos or rental apartments.

which also has fine retail stores. Close to both Manhattan and Brooklyn
Bridges and FDR Drive. The property is rented to a garage company which is
paying $10,000 per month and they are on a month-to-month basis.
THE TOTAL BUILDABLE FOR ALL FIVE SITES IS 71,208 SQUARE
FEET. THE PROPERTIES MUST BE SOLD AS A PACKAGE.
ASKING PRICE: $46,500,000.00 $653 PER BUILDABLE SQUARE FEET