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    Mixed-Use Development Site with Air Rights Title is generated by Realmo AI

    4-8 East 30th Street, New York, NY 10016

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    Mixed-use site with 60' frontage and zoning flexibility for increased density via air rights.

    Type:Mixed Use, Land
    Property size:
    59,250 SF
    Lot size:
    0.14 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:23 am

    Property Features for 4-8 East 30th Street

    General Information

    Standard status
    Active
    Size
    59,250 SF
    Lot size
    0.14 Acres
    Property subtype
    Mixed Use, Land

    We can help!

    Listing Contact
    Bob Knakal
    Bob Knakal

    Listing agent Bob Knakal License #NY 10301211305

    Listing office BKREA

    Listing date Jun 3, 2026

    Source Crexi

    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

    HighLights

    • Mixed‑use development site at 4‑8 East 30th Street in Manhattan’s NoMad area, on the south side of E 30th St between Fifth and Madison Aves.
    • Approximately 60' frontage and 98.75' depth (about 5,925 SF lot) with current Lots 81 and 83 as 5‑story mixed‑use buildings delivered vacant.
    • Zoned C5‑2 (R10 overlay), allowing 10.0 FAR for residential and commercial, totaling approximately 59,250 ZFA.
    • Potential to increase FAR to 12.0 (up to about 71,100 ZFA) via offsite UAP air rights (Community Board 5 or within 1/2 mile), or by developing affordability onsite.
    • Listing notes BKREA is currently selling air rights to add up to 11,850 ZFA.
    • Site is described as benefiting from light and air for future development due to the low‑rise nature of a landmarked church to the south.

    Overview

    The site consists of two existing 5-story mixed-use buildings on Lots 81 and 83, which will be delivered vacant. The property includes 60' of frontage and a depth of 98.75', with an approximately 5,925-square-foot lot footprint. Due to the landmarked church to the south remaining low-rise, a future development is positioned to benefit from improved light and air on the south-facing lower floors.

    Located on the south side of East 30th Street between Fifth and Madison Avenues in Manhattan’s NoMad area, the site is in the C5-2 (R10 overlay) zoning district. The base zoning allows a 10.0 FAR for both residential and commercial uses, equating to approximately 59,250 ZFA. With the R10 overlay, the FAR can increase up to 12.0 FAR (approximately 71,100 ZFA) through the purchase of offsite UAP air rights within Community Board 5 or within a 1/2 mile radius, or by developing affordability onsite.

    For developers and investors, the property offers an efficient development size and a clear air-rights path to increase density. It also sits within walking distance of major transit, including the R and W lines at 28th Street/Broadway and the 6 line at East 28th Street/Park Avenue.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9858991
    Latitude
    40.7455991

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use site with 60' frontage and zoning flexibility for increased density via air rights.
    Where is this mixed-use property located?
    The property is located at 4-8 East 30th Street New York, NY.
    What are key features of this property?
    This property features: Mixed‑use development site at 4‑8 East 30th Street in Manhattan’s NoMad area, on the south side of E 30th St between Fifth and Madison Aves.; Approximately 60' frontage and 98.75' depth (about 5,925 SF lot) with current Lots 81 and 83 as 5‑story mixed‑use buildings delivered vacant.; Zoned C5‑2 (R10 overlay), allowing 10.0 FAR for residential and commercial, totaling approximately 59,250 ZFA.
    (917) 509-9501 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Knakal
    Bob Knakal
    Real Estate License ID: NY 10301211305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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