Contacts
Michael A. Tortorici
Ariel Property Advisors
(212) 544-9500
Howard Raber
Ariel Property Advisors
(212) 544-9500
Property Details
- Property Type Mixed Use
- Property Size 6,000 SF
- Year Built 2007
- Date Updated Mar 11, 2021
Ariel Property Advisors has been retained to market the disposition of approximately 6,000 square feet of inclusionary air rights (IARs) in Manhattan’s Community Board 5. This offering is an opportunity for owners of eligible properties to enlarge the size of market-rate developments located in Community Board 5, within a 1/2 mile radius of the generating site or within additional specified Designated Inclusionary Housing Areas. For example, properties located in a R10 or equivalent zoning district can increase their FAR from 10.0 to 12.0, providing an outstanding opportunity to maximize both the floor area and value of a development site.
Approximately 6,000 buildable square feet.
Only properties that meet the IAR requirements in Manhattan’s Community Board 5 or within a 1/2 mile radius of the generating site are eligible receiving sites. Additionally, mid-block properties that are located in the Designated Inclusionary Housing Area between 7th and 8th Avenues from the north side of West 28th Street to the south side of West 30th Street are also eligible receiving sites.
Eligible receiving sites are located in either R10, C5-2, C5-3, C6-2A, C6-4, C6-4A, C6-6 or C6-7 zoning districts or in Inclusionary Housing Designated Areas. Some CB6 properties are within a half-mile of the generating site and may be eligible receiving sites - please inquire for more details.
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Getting around
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99/100
Walk Score ®
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100/100
Transit Score ®
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82/100
Bike Score ®
Location
- City New York, NY
- Neighborhood Murray Hill
- Zip Code 10016
- Market Manhattan
Points of Interest
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33rd Street
0.20 miles
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34th Street–Herald Square
0.24 miles
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34th Street & Broadway at Northwest Corner
0.26 miles
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5th Avenue
0.34 miles
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Grand Central
0.34 miles
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42nd Street–Bryant Park
0.36 miles
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Grand Central 42nd Street / Vanderbilt Avenue entrance
0.36 miles
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28th Street
0.37 miles
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Grand Central 42nd Street entrance
0.38 miles
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42nd Street–Grand Central
0.39 miles
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ChargePoint
0.39 miles
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ChargePoint
0.49 miles
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ChargePoint
0.53 miles
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Tesla Supercharger
0.68 miles
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ChargePoint
0.71 miles
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Bus Charging Station
0.73 miles
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ChargePoint
0.75 miles
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ChargePoint
0.82 miles
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Blink
0.86 miles
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ChargePoint
0.88 miles
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Select Garages
0.19 miles
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SP+
0.20 miles
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City Parking
0.23 miles
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Herald Square Shopping Court
0.25 miles
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Red Ball Garage
0.39 miles
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Hippodrome Parking
0.43 miles
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intlFcstone 10022 LOCi Multi
0.56 miles
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icon 24hr Parking
0.57 miles
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Icon Parking
0.58 miles
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Quik Park Garage
0.62 miles
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U Hotel Fifth Avenue
0.02 miles
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LeSoleil
0.14 miles
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Madison Towers Hotel
0.15 miles
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The Gregory Hotel
0.15 miles
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Best Western Herald Square
0.15 miles
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The Kixby
0.15 miles
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Hyatt Place New York/Midtown-South
0.16 miles
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Fairfield Inn
0.16 miles
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Hyatt Centric 39th & 5th New York
0.16 miles
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SpringHill Suites
0.16 miles
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H Mart
0.23 miles
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Muji
0.26 miles
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Mrs. K's
0.26 miles
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Sunrise Mart Midtown
0.27 miles
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Target
0.30 miles
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Manhattan Mall
0.30 miles
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Macy's
0.32 miles
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D'Agostino
0.34 miles
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Dover Street Market
0.35 miles
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Whole Foods Market
0.39 miles
In-Depth Research Available for this Property
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