62-64 East 34th Street - Agorafy
|Development Opportunity|
62-64 East 34th Street New York, NY
TION C U D E R PRICE
| LOCATION | | BLOCK / LOT | | LOT DIMENSIONS | | LOT SIZE | | STORIES | | BUILDING SF| | BUILDING DIMENSIONS| | TOTAL BUILDABLE SF | | ZONING | | FAR | | TAXES (14/15) | | ASSESSMENT (14/15) |
South side of East 34th Street between Madison & Park Avenues
863/48 43.67’ x 98.75’ 4,313 SF
(Approx.)
6 18,680 SF 43.67’ x 98.75’ (Irr.) 20’ x 98.75’ Penthouse Comm| 52,995 BSF Res| 43,120 BSF C5-3 / C5-2 C5-3| Comm 15.0, Res 10.0 C5-2| Comm 10.0, Res 10.0 $164,621 $1,594,710
$37,500,000
| Pr oper ty Description |
$35,900,000
P A R K AVE.
| ASKING PRICE |
M A D I S O N AVE.
EA S T 3 4 TH S T
EA S T 3 3 RD S T
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of a 43.67’ wide development site located at 62-64 East 34th Street. The site is located on the south side of East 34th Street between Madison and Park Avenues in the heart of Midtown Manhattan. The lot has a split zoning of both C5-3 and C5-2. Approximately 20’ of frontage lies within a C5-3 zone allowing for 15.0 FAR commercial and 10.0 residential. The remaining 23.67’ of frontage lies within a C5-2 zone allowing for 10.0 FAR as of right for both commercial and residential use. When combined, this equates to approximately 52,995 buildable square feet zoned for commercial use and 43,120 buildable square feet zoned for residential use. 62-64 East 34th Street is comprised of 3 retail and 13 residential units. Two retail units are located on the ground floor, with the third retail unit located on the second floor. The third, fourth and fifth floor all contain 4 apartments each and a sixth floor contains the penthouse unit. Of those residential units, 10 are fair market and 3 are rent stabilized. This property offers a developer a tremendous opportunity to develop a residential building or hotel building in the prime NoMad neighborhood right off Park Avenue. | For further information or inspection, please contact Exclusive Agents |
Robert A. Knakal Chairman [email protected] 212.696.2500 x7777
John F. Ciraulo Vice Chairman [email protected] 212.696.2500 x7700
Craig M. Waggner
Nicholas Gillott
Director of Sales [email protected] 212.696.2500 x7744
Associate [email protected] 212.696.2500 x7797
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
62-64 East 34th Street New York, NY
TION C U D E R PRICE
| LOCATION | | BLOCK / LOT | | LOT DIMENSIONS | | LOT SIZE | | STORIES | | BUILDING SF| | BUILDING DIMENSIONS| | TOTAL BUILDABLE SF | | ZONING | | FAR | | TAXES (14/15) | | ASSESSMENT (14/15) |
South side of East 34th Street between Madison & Park Avenues
863/48 43.67’ x 98.75’ 4,313 SF
(Approx.)
6 18,680 SF 43.67’ x 98.75’ (Irr.) 20’ x 98.75’ Penthouse Comm| 52,995 BSF Res| 43,120 BSF C5-3 / C5-2 C5-3| Comm 15.0, Res 10.0 C5-2| Comm 10.0, Res 10.0 $164,621 $1,594,710
$37,500,000
| Pr oper ty Description |
$35,900,000
P A R K AVE.
| ASKING PRICE |
M A D I S O N AVE.
EA S T 3 4 TH S T
EA S T 3 3 RD S T
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of a 43.67’ wide development site located at 62-64 East 34th Street. The site is located on the south side of East 34th Street between Madison and Park Avenues in the heart of Midtown Manhattan. The lot has a split zoning of both C5-3 and C5-2. Approximately 20’ of frontage lies within a C5-3 zone allowing for 15.0 FAR commercial and 10.0 residential. The remaining 23.67’ of frontage lies within a C5-2 zone allowing for 10.0 FAR as of right for both commercial and residential use. When combined, this equates to approximately 52,995 buildable square feet zoned for commercial use and 43,120 buildable square feet zoned for residential use. 62-64 East 34th Street is comprised of 3 retail and 13 residential units. Two retail units are located on the ground floor, with the third retail unit located on the second floor. The third, fourth and fifth floor all contain 4 apartments each and a sixth floor contains the penthouse unit. Of those residential units, 10 are fair market and 3 are rent stabilized. This property offers a developer a tremendous opportunity to develop a residential building or hotel building in the prime NoMad neighborhood right off Park Avenue. | For further information or inspection, please contact Exclusive Agents |
Robert A. Knakal Chairman [email protected] 212.696.2500 x7777
John F. Ciraulo Vice Chairman [email protected] 212.696.2500 x7700
Craig M. Waggner
Nicholas Gillott
Director of Sales [email protected] 212.696.2500 x7744
Associate [email protected] 212.696.2500 x7797
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
