Mixed-Use Development Site with
247 E 31st St New York, NY 10016
247 E 31st St, New York, NY, 10016
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market103
Property Features for 247 E 31st St
General Information
- Standard status
- Pending
- Lot size
- 0.11 Acres
- Property subtype
- Land
Listing agency
BKREA
(917) 509-9501
Listed by
Bob Knakal · License #NY 10301211305
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:14AM Checked: Jul 21 at 5:14AM
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
Location Intelligence
Current Use by Public Records
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FAQs
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
