926 Third Ave New York, NY 10022

Listing office MIdtown - Keller Williams NYC m***@kwnyc.com Show Phone

Listing date May 26, 2026

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Investment Insights

Based on property information with market context.

This offering consists of three contiguous parcels located at the intersection of Third Avenue and East 56th Street in Midtown Manhattan. The combined lot area is approximately 4,795 square feet. The assemblage yields approximately 71,370 square feet of commercial buildable square footage and 47,580 square feet of residential air rights. The parcels are zoned C6-6 with an R10 overlay, supporting a range of development programs including residential, boutique hotel, mixed-use commercial, or a combination thereof. The assemblage is eligible for the Universal Affordability Preference (UAP) bonus, which would allow a developer to increase the blended residential FAR across all three parcels to 12.0, unlocking an additional approximately 5,750 square feet of residential density. This incremental density is achievable through the purchase of off-site UAP air rights or through the inclusion of affordable housing on-site. The assemblage generates a current scheduled annual gross income of approximately $1,344,529 and a projected net operating income of approximately $764,401.

Key Highlights

• Prime Midtown Manhattan development site at the highly visible intersection of Third Avenue and East 56th Street.
• Significant as‑of‑right buildable square footage: 71,370 BSF commercial and 47,580 BSF residential.
• Flexible C6‑6 zoning with R10 overlay supports various development programs (luxury residential, hotel, mixed‑use).

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FAQs

What type of property is this?

Commercial land - Development site with significant buildable square footage in Midtown Manhattan.

Where is this commercial land located?

The property is located at 926 Third Ave New York, NY.

What is the asking price?

The asking price for this property is $30,000,000.

What are key features of this property?

This property features: Prime Midtown Manhattan development site at the highly visible intersection of Third Avenue and East 56th Street.; Significant as‑of‑right buildable square footage: **71,370 BSF commercial and 47,580 BSF residential.**; Flexible C6‑6 zoning with R10 overlay supports various development programs (luxury residential, hotel, mixed‑use).