Inclusionary Air Rights CB5 Manhattan, Manhattan, NY 10001

Listing agent Michael Tortorici License #NY 401085153

Listing office Ariel Property Advisors

Listing date Oct 1, 2022

Source Crexi

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Overview

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.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Manhattan

County

New York

State

New York

Longitude

-73.9640462

Latitude

40.7948777

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FAQs

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.