32 E 30th St - Apartments FOR SALE


New York, NY 10016- NoMad
$11,500,000 USD
212-729-1851
32 E 30th St, New York, NY for Sale
$11,500,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

32 E 30th St
New York, NY 10016
NoMad


HIGHLIGHTS

  • Block-Through Development Site with Frontage on Both East 29th & 30th Streets
  • 62,030 of Residential ZFA
  • Strong Residential Demand in the Coveted NoMad Neighbordhood
  • Multiple Potential Business Plans due to Flexible Zoning

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$1,887 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,916,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C5-2/R10

APN/PARCEL ID

0859-0060

ASK ABOUT THIS PROPERTY

Charles KingsleyAvison YoungMore Info
212-729-1851

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Charles KingsleyAvison YoungMore Info
212-729-1851

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.