5 Lot Development Package Lower East Side, Manhattan, NY

$47,895,000
For Sale
Buildable: 71,627 Sqft
Property type: Development Site

Details

  • Lot Size: 20,822 Sq Ft
  • Lot Dimensions: 128.67' x 200.58'
  • Lot Area: 20,822 Sqft
  • Zoning: R7-2
  • Residential FAR: 3.44
  • Facility FAR: 6.50
  • Buildable: 71,627
  • Neighborhood: Two Bridges

Highlights

  • ✅ 128' Wide Assemblage of 5 Lots
  • ✅ Block-Through Development Site
  • ✅ 71,627 Buildable Square Feet
  • ✅ $669 / BSF

Description

Located in the Two Bridges neighborhood of Lower East Side Manhattan, this property is a 128’ wide vacant lot on one side of the block with a 79’ wide vacant lot on the other side of the block. The property is an assemblage of 5 lots with a total of 71,627 buildable square feet for residential development. A property of 135,343 square feet can also be built which would include a community facility and residential units.

The lot is in a neighborhood that is undergoing lots of development with new hotels and condo buildings going up. The height limit for new developments in the area is 80’ which will give the upper floors great views of the East River and the Brooklyn and Manhattan Bridges. The project would be great for a building with luxury residential condos or rental apartments.

The property is close to the F train on East Broadway and Rutgers Street which also has fine retail stores.The property is being sold as a package.

Price includes a 3% broker fee paid by buyer.

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.