Prime Midtown Manhattan Development
For Sale
Contact for pricing
926 Third Ave, New York, NY 10022
Development site with significant buildable square footage in Midtown Manhattan.
Property Size71,370 SF
Lot Size0.11 Acres
Price / SF$420.34
Days on Market80
Property Features for 926 Third Ave
General Information
Standard status
Active
Size
71,370 SF
Lot size
0.11 Acres
Property subtype
Land, Mixed Use
Zoning
C6-6
Occupancy
100%
Investment Type
Redevelopment
Net Operating Income
$764,402
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
MIdtown - Keller Williams NYC
(646) 383-1165
Listed By:
Mirza Avdovic · License #NY 10401278796
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Aug 12 at 9:12AM
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 MIdtown - Keller Williams NYC
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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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).
