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Investment Highlights
- 43,190± residential ZFA for market rate and 51,836± residential ZFA for UAP
- Inclusionary housing certificates available to purchase separately
- 100% free market tenancy and retail demolition clauses offer covered land strategy
- C1-9A zoning district, which has an R10A equivalent
- Not subject to Historic District or Landmark Designation
- Will benefit from Phase 3 of the 2nd Avenue Subway project
Executive Summary
Avison Young, as exclusive agent, is pleased to offer a corner development site at 617-621 Second Avenue (“Property” or “Site”) in the Murray Hill neighborhood of Manhattan. The Property features a combined 132± feet of wraparound frontage on the southwest corner of 34th Street and Second Avenue. The fully free market Property provides developers with the opportunity to create a highly visible development on one of the most prominent corners in Murray Hill.
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Property Facts
| Price | $21,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Zoning | C1-9A | ||
| Price | $21,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.10 AC |
| Zoning | C1-9A |
1 Lot Available
Lot
| Price | $21,000,000 | Lot Size | 0.10 AC |
| Price Per AC | $211,749,047.13 |
| Price | $21,000,000 |
| Price Per AC | $211,749,047.13 |
| Lot Size | 0.10 AC |
Free market corner development site at 617-621 Second Avenue in the Murray Hill neighborhood of Manhattan.
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Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0914-0035 | Improvements Assessment | $514,710 |
| Land Assessment | $238,950 | Total Assessment | $753,660 |
Property Taxes
Parcel Number
0914-0035
Land Assessment
$238,950
Improvements Assessment
$514,710
Total Assessment
$753,660
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617-621 Second Ave
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