CB4 Manhattan, New York, NY 10036

Listing office Ariel Property Advisors Show Phone

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 4. This offering allows owners of eligible properties to increase the size of market rate developments located in Community Board 4 or within a 1/2 mile radius of the generating site at 540 West 53rd Street. Properties located in a R10 or equivalent zoning district can increase their FAR from 10.0 to 12.0. Only properties that meet the IAR requirements in Manhattan’s Community Board 4 or within a 1/2 mile radius of the generating site are eligible receiving sites. Eligible receiving sites are located in either R10, C2-8, C4-7, C6-4 or C6-5 zoning districts or in Inclusionary Housing Designated Areas.

Suggested Use

Law Firm Real Estate Agency Auto Repair Shop Hair Salon Big Box & Wholesale Store Spa & Massage Center Accounting Firm Electrical Service Auto Parts Store Computer & Electronic Repair

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

-73.9640462

Latitude

40.7948777

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FAQs

What type of property is this?

Commercial land - 6,000 SF inclusionary air rights in Manhattan's Community Board 4.

Where is this commercial land located?

The property is located at CB4 Manhattan New York, NY.

What are key features of this property?

This property features: Opportunity to increase Floor Area Ratio (FAR) from 10.0 to 12.0 in eligible R10 or equivalent zoning districts.; Approximately **6,000 square feet of Inclusionary Air Rights (IARs) available.**; Located in Manhattan’s Community Board 4.