Commercial Land with Existing
For Sale
Contact for pricing
34 Market Street, New York, NY 10002
Manhattan parcel with an existing two-story commercial structure and residential development potential.
Property Size2,830 SF
Price / SF$1,236
Days on Market9
Property Features for 34 Market Street
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Multifamily, Land
Zoning
R7-2
Investment Type
Redevelopment
Building Details
Stories
2
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Michael Tortorici · License #NY 401085153
Source:
Crexi
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 25 at 4:33AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This Manhattan property combines a 22.25-foot-wide parcel measuring approximately 1,930 square feet with an existing two-story commercial building of approximately 2,830 square feet. The structure contains one commercial unit. Residential development scenarios identified for the property include standard residential use at 3.44 FAR, producing up to 6,639 ZFA, or a Universal Affordability Preference pathway at 5.01 FAR, producing up to 9,669 ZFA. Potential programs include a 5-7-unit condominium project or approximately 10-12 rental units through a potential 485-x strategy.
The property is located at 34 Market St in New York, NY 10002, between Madison and Henry Streets, within the Two Bridges/Chinatown area. It is also near the Lower East Side, Civic Center, and South Street Seaport. The East Broadway F station is approximately 0.2 miles away, and Essex Crossing and East River Park are identified as nearby investment areas. Development may be pursued as of right or by utilizing UAP and a potential 485-x strategy.
The property is located at 34 Market St in New York, NY 10002, between Madison and Henry Streets, within the Two Bridges/Chinatown area. It is also near the Lower East Side, Civic Center, and South Street Seaport. The East Broadway F station is approximately 0.2 miles away, and Essex Crossing and East River Park are identified as nearby investment areas. Development may be pursued as of right or by utilizing UAP and a potential 485-x strategy.
Key Highlights
- 22.25‑foot‑wide parcel measuring approximately 1,930 square feet
- Existing 2‑story commercial building totals approximately 2,830 square feet
- One commercial unit currently occupies the building
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Manhattan parcel with an existing two-story commercial structure and residential development potential.
Where is this commercial land located?
The property is located at 34 Market Street New York, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 22.25‑foot‑wide parcel measuring approximately 1,930 square feet; Existing 2‑story commercial building totals approximately 2,830 square feet; One commercial unit currently occupies the building
