Manhattan Inclusionary Air
For Sale
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Inclusionary Air Rights CB5 Manhattan, Manhattan, NY 10001
6,000 SF of Inclusionary Air Rights in Manhattan CB5.
Property Size6,000 SF
Days on Market1444
Property Features for Inclusionary Air Rights CB5 Manhattan
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Multifamily, Land
Zoning
R10, C5-2, C5-3, C6-2A, C6-4, C6-4A, C6-6 or C6-7
Listing Agency:
Ariel Property Advisors
Listed By:
Michael Tortorici · License #NY 401085153
(212) 544-9500
Source:
Crexi
Added: Oct 1, 2022
Changed: Sep 9
Last Checked: Sep 12 at 6:59AM
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.
Approximately 6,000 square feet of inclusionary air rights are available in Manhattan’s Community Board 5. This offering allows owners of eligible properties to increase the size of market-rate developments located in Community Board 5, within a 1/2 mile radius of the generating site or within specified designated inclusionary housing areas. Properties located in an R10 or equivalent zoning district can increase their FAR from 10.0 to 12.0, providing an opportunity to maximize both the floor area and value of a development site.
Key Highlights
- Opportunity to increase FAR from 10.0 to 12.0 in R10 or equivalent zoning districts.
- Allows for enlargement of market‑rate developments.
- Located in Manhattan's Community Board 5.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - 6,000 SF of Inclusionary Air Rights in Manhattan CB5.
Where is this commercial land located?
The property is located at Inclusionary Air Rights CB5 Manhattan Manhattan, NY.
What are key features of this property?
This property features: Opportunity to increase FAR from 10.0 to 12.0 in R10 or equivalent zoning districts.; Allows for enlargement of market‑rate developments.; Located in Manhattan's Community Board 5.
