Mixed-Use Development Site with
For Sale
Contact for pricing
Pending
247 E 31st St, New York, NY 10016
Mixed-use development opportunity on a single tax lot with 58 feet of frontage and three adjacent walk-up buildings.
Lot Size0.11 Acres
Days on Market111
Property Features for 247 E 31st St
General Information
Standard status
Pending
Lot size
0.11 Acres
Property subtype
Land
Zoning
C1-8A/R7B
Additional Details
Clear Height
10 ft
Building Details
Stories
4
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 12:42PM
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.
This mixed-use development site includes three adjacent four-story walk-up buildings on a single tax lot. The property is currently configured as those three buildings, and the site will be delivered vacant except for one rent-regulated tenant in the second-floor front unit of 247 East 31st Street.
The property is located on the north side of East 31st Street between 2nd and 3rd Avenues and has 58 feet of frontage. The lot is split-zoned between C1-8A and R7B, with most of the site in the C1-8A portion.
Development parameters described for the C1-8A area indicate a maximum residential FAR of 7.52, which equates to 36,046 buildable square feet as-of-right. Massing studies reference a potential 13-story, mixed-use concept with approximately 4,000 square feet of commercial space at the ground floor and residential units above, with plans indicating 10-foot ceiling heights in the upper levels.
The property is located on the north side of East 31st Street between 2nd and 3rd Avenues and has 58 feet of frontage. The lot is split-zoned between C1-8A and R7B, with most of the site in the C1-8A portion.
Development parameters described for the C1-8A area indicate a maximum residential FAR of 7.52, which equates to 36,046 buildable square feet as-of-right. Massing studies reference a potential 13-story, mixed-use concept with approximately 4,000 square feet of commercial space at the ground floor and residential units above, with plans indicating 10-foot ceiling heights in the upper levels.
Key Highlights
- Development site at 247‑251 East 31st Street with 58’ of frontage on the north side of E 31st St between 2nd and 3rd Avenues
- Single tax lot measuring 4,793 SF, currently containing three adjacent 4‑story walk‑up buildings
- Split‑zoned between C1‑8A and R7B, with most of the lot in C1‑8A; allows residential, commercial, and community facility use
Property Analytics
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
46,936
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
Properties on Market for Mixed-use properties in New York
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use development opportunity on a single tax lot with 58 feet of frontage and three adjacent walk-up buildings.
Where is this mixed-use property located?
The property is located at 247 E 31st St New York, NY.
What are key features of this property?
This property features: Development site at 247‑251 East 31st Street with 58’ of frontage on the north side of E 31st St between 2nd and 3rd Avenues; Single tax lot measuring 4,793 SF, currently containing three adjacent 4‑story walk‑up buildings; Split‑zoned between C1‑8A and R7B, with most of the lot in C1‑8A; allows residential, commercial, and community facility use
