34 Union Square East

Colliers has been exclusively retained to market the sale of 34 Union Square East in Manhattan, NY (“34 USQ” or the “Property”) for $16 million. The Property is an existing two-story, 6,500-square-foot retail asset with 151 feet of wraparound frontage on the corner of Union Square East and East 16th Street. Containing 26,000 ZFA of development potential, the Property will be delivered vacant and represents a rare opportunity to develop a park-facing residential project directly on Union Square.

Home to over 75,000 New Yorkers, the tree-line pedestrian plaza at Union Square presents a robust collection of shopping, dining, and community offerings. Known as a premier shopping district, the area is anchored by national retail tenants such as DSW, Nordstrom, Barnes & Nobles, and Whole Foods, among others. With over 145,000 employees within a half-mile radius, Union Square has become a leading destination for office tenants, attracting notable firms such as Microsoft, Meta (Facebook), Netflix, Hulu, and Capital One to the neighborhood. The area has continued to draw billions of dollars of institutional development, with Zero Irving, 799 Broadway, and 817 Broadway serving as the latest high-profile projects.

Union Square is Manhattan’s most attractive live, work, and play neighborhood and continues to attract a diverse pool of affluent residents. New condo developments in the area regularly achieve sellouts in excess of $2,500 PSF, with penthouses and park-facing units reaching $4,000 PSF.

34 USQ is situated adjacent to the Union Square subway station, New York City’s third-largest transportation hub, providing convenient access throughout Manhattan and the outer boroughs via the 4/5/6, L, and N/Q/R/W subway lines, as well as the M1, M2, and M3 bus lines.