| Vacant Townhouse | 306 East 50th Street New York, NY
PROPERTY SNAPSHOT Location: Block / Lot:
1342 / 50
Lot Dimensions:
18.5’ x 80’
(Approx.)
1,480 SF
(Approx.)
18.5’ x 60’ (1)
(Approx.)
18.5’ x 46’ (2-4)
(Approx.)
Lot Area: Building Size: Stories: Gross Square Footage: Zoning/ FAR: Total Buildable Sq. Ft.: Available Air Rights:
property description
South side of East 50th Street between Second Avenue and First Avenue.
4 3,663 SF
(Approx.)
C1-9 (RES) 10.0 (COMM) 2.0 14,800 sq. ft.
(Approx.)
11,137
Assessment (14/15):
$495,674
Real Estate Taxes (14/15):
$126,554
asking price : $ 4 , 8 5 0 , 0 0 0
306 East 50th Street is a four-story townhouse located between First and Second Avenues on the cusp of Beekman Place. The building currently consists of a residential triplex with office space on the ground floor and a full-hieght excavated basement, and features a sprinkler system in the halls and basement. The property will be delivered vacant and ready for renovation. The subject property is located within 100 feet of the incoming Second Avenue Subway in an area zoned C1-9 which allows for an FAR of 10. Purchasers could use some of the 11,137 square feet of additional development rights to enlarge the townhouse. The property is located just blocks from the United Nations and will benefit from new luxury condominium developments on Second Avenue and increased transportation options when the Second Avenue Subway is completed.
306 East 50th Street is the perfect purchase for a user looking for a single family home, a townhouse developer, or an embassy or organization that wants to be walking distance from the United Nations. | For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman
[email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales
[email protected] 212.696.2500 x7747
Ax Hayssen Associate
[email protected] 212.696.2500 x7713
Madeline Burbank Associate
[email protected] 212-696-2500 x 5172
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
| Vacant Townhouse | 306 East 50th Street New York, NY
1342/50
First Avenue
Second Avenue
East 50th Street
East 49th Street
asking price : $ 4 , 8 5 0 , 0 0 0
| For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman
[email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales
[email protected] 212.696.2500 x7747
Ax Hayssen Associate
[email protected] 212.696.2500 x7713
Madeline Burbank Associate
[email protected] 212-696-2500 x 5172
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