Mixed-Use Development Site with 421A
For Sale
Contact for pricing
Pending
339-345 East 33rd St, New York, NY 10016
Development site with 90 feet of frontage, four four-story buildings, and approved 421A plans for a 23-story mixed-use project.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market701
Property Features for 339-345 East 33rd St
General Information
Standard status
Pending
Lot size
0.20 Acres
Property subtype
Mixed Use
Zoning
C1-9A (R10A), MIH
Building Details
Stories
4
Units
39
Listing Agency:
BKREA
Listed By:
Bob Knakal · License #NY 10301211305
(917) 509-9501
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BKREA
Investment Insights
Based on property information with market context.
The 339-345 East 33rd Street site consists of four, four-story buildings and is currently being worked on for delivery as vacant. Tenant occupancy is partially in place across the individual addresses listed, with RS and RC tenants noted for 339, 341, and 343 East 33rd Street. The offering may be purchased as-is or with an offer contingent on delivery vacant. The property has approximately 90 feet of frontage and covers about 8,888 square feet.
Located on the north side of East 33rd Street between First and Second Avenues, the site is in the C1-9A (R-10A equivalent) zoning district and within an MIH area. As-of-right residential development is supported by an as-of-right FAR of 12.0 for residential use, translating to an as-of-right ZFA of 122,846 square feet. Ownership has purchased air rights from the adjacent Lot 23, increasing the maximum ZFA to 130,350 square feet.
The offering includes approved 421A plans prepared by GF55 Architects using the MIH Option 1. The plans call for a 23-story mixed-use project with 160 units, including 39 MIH units. Ownership has also already extended the 421A deadline, and plan information is available in the data room.
Located on the north side of East 33rd Street between First and Second Avenues, the site is in the C1-9A (R-10A equivalent) zoning district and within an MIH area. As-of-right residential development is supported by an as-of-right FAR of 12.0 for residential use, translating to an as-of-right ZFA of 122,846 square feet. Ownership has purchased air rights from the adjacent Lot 23, increasing the maximum ZFA to 130,350 square feet.
The offering includes approved 421A plans prepared by GF55 Architects using the MIH Option 1. The plans call for a 23-story mixed-use project with 160 units, including 39 MIH units. Ownership has also already extended the 421A deadline, and plan information is available in the data room.
Key Highlights
- Development site at 339‑345 East 33rd Street in Kips Bay with 90 feet of frontage on E 33rd St.
- Tax lot totals approximately 8,888 SF and is improved with four, four‑story buildings (ownership working toward delivering the site vacant).
- Currently configured with RS/RC tenant breakdown: 339 (3 RS, 1 RC), 341 (1 RS), and 343 (1 RS).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Development site with 90 feet of frontage, four four-story buildings, and approved 421A plans for a 23-story mixed-use project.
Where is this apartment building located?
The property is located at 339-345 East 33rd St New York, NY.
What are key features of this property?
This property features: Development site at 339‑345 East 33rd Street in Kips Bay with 90 feet of frontage on E 33rd St.; Tax lot totals approximately 8,888 SF and is improved with four, four‑story buildings (ownership working toward delivering the site vacant).; Currently configured with RS/RC tenant breakdown: 339 (3 RS, 1 RC), 341 (1 RS), and 343 (1 RS).
