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32 E 30th St
New York, NY 10016
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Block-Through Development Site with Frontage on Both East 29th & 30th Streets
- Strong Residential Demand in the Coveted NoMad Neighbordhood
- 62,030 of Residential ZFA
- Multiple Potential Business Plans due to Flexible Zoning
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire 32 East 30th Street (the “Site”), a 4,222 SF block-through development parcel spanning East 29th and East 30th Streets between Park and Madison Avenues. Positioned in the heart of the coveted NoMad submarket, the Site benefits from C5-2 / R10 zoning, which permits a base residential and commercial FAR of 10.00x (42,216 ZFA) and up to 12.00x FAR (50,659 ZFA) through participation in the Universal Affordability Program. Also included in the sale is 19,814 SF of air rights from the adjacent lot, which would allow for a potential total free market development of up to 62,030 ZFA.
The property is currently improved by a vacant four-story mixed-use building fronting East 30th Street. 32 East 30th Street offers a rare opportunity to secure a premier Nomad location at a very attractive basis, creating meaningful value for developers.
The property is currently improved by a vacant four-story mixed-use building fronting East 30th Street. 32 East 30th Street offers a rare opportunity to secure a premier Nomad location at a very attractive basis, creating meaningful value for developers.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 0859-0060 | Improvements Assessment | $409,500 |
| Land Assessment | $1,307,700 | Total Assessment | $1,717,200 |
PROPERTY TAXES
Parcel Number
0859-0060
Land Assessment
$1,307,700
Improvements Assessment
$409,500
Total Assessment
$1,717,200
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