314 E 34th St
New York, NY 10016
34th Street Office Building · Office Property For Sale

The building features ±21.25 feet of frontage along E. 34th Street and is built ±86 feet deep on a ±98.75' deep lot. The parcel lies in a C1-9A zoning district, which permits a maximum commercial FAR of 2.0 and a maximum residential FAR of 10.0. The building also is eligible to receive an inclusionary housing bonus for affordable residential development. According to our calculations, the existing office building is currently underbuilt by approximately 8,361 square feet (buyers recommended to verify use of unused air rights with architect or zoning consultant). The Property is located on the south side of E. 34th Street between 1st and 2nd Avenues within close proximity of the First Avenue medical & life sciences corridor which is home to several hospitals and research centers such as NYU Medical Center, the Alexandria Center for Life Sciences, Bellevue Hospital and numerous medical professional complexes and health related not-for-profit institutions. Additionally, the Property is located within ten blocks of the United Nations and the Grand Central business district and is situated three blocks from the 33rd Street 6 train station at Park Avenue. The building is also one block from the 34th Street East River Ferry Terminal and directly across from the Queens-Midtown Tunnel access street making it extremely convenient to access utilizing all modes of transportation.