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CB4 Manhattan Ave New York, NY 10036

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For Sale
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Prime Manhattan air rights for sale.

Description

Added:
Dec 11, 2024
Days on Market:
391
This offering presents a unique opportunity to acquire approximately 6,000 buildable square feet of inclusionary air rights (IARs) in Manhattan's Community Board 4. These air rights are ideal for developers seeking to expand the size of market-rate developments. Eligible receiving properties must be located within Community Board 4 or within a half-mile radius of 540 West 53rd Street. The permitted zoning for eligible receiving sites includes R10, C2-8, C4-7, C6-4, or C6-5 districts, or Inclusionary Housing Designated Areas. For instance, properties zoned R10 could see their Floor Area Ratio (FAR) increase from 10.0 to 12.0, significantly enhancing both the floor area and overall value of the development. This presents a substantial advantage for developers aiming to maximize their project's potential. The 6,000 square foot parcel offers a significant opportunity to increase density and profitability for eligible projects in a prime Manhattan location. The precise location of the generating site is 540 West 53rd Street, New York, NY 10036. This offering is for the air rights only; no underlying land is included. Interested parties should verify their property's eligibility for inclusionary air rights and confirm zoning compliance before making an offer.

Property Features for CB4 Manhattan Ave

General Information

Property type
Land

HighLights

  • 6,000 square feet of inclusionary air rights (IARs) for sale in Manhattan's Community Board 4.
  • Eligible for properties in CB4 or within a 0.5‑mile radius of 540 West 53rd Street.
  • Applicable zoning districts for receiving sites include R10, C2‑8, C4‑7, C6‑4, or C6‑5.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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
-73.9915613
Latitude
40.7575867

FAQs

What type of property is this?
Land - Prime Manhattan air rights for sale.
Where is this land located?
The property is located at CB4 Manhattan Ave New York, NY.
What are key features of this property?
This property features: 6,000 square feet of inclusionary air rights (IARs) for sale in Manhattan's Community Board 4.; Eligible for properties in CB4 or within a 0.5-mile radius of 540 West 53rd Street.; Applicable zoning districts for receiving sites include R10, C2-8, C4-7, C6-4, or C6-5.
More about this property
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