Corner Assemblage for Future
928 3rd Ave, New York, NY 10022
Rare opportunity: corner assemblage for future development in New York.
Type:Land, Mixed Use
Property size:
20,081 SFLot size:
0.11 Acres- Added:
- Aug 7, 2024
- Days on Market:
- 666
- Last Refresh:
- May 12 at 10:49 pm
Property Features for 928 3rd Ave
General Information
- Standard status
- Active
- Size
- 20,081 SF
- Lot size
- 0.11 Acres
- Property subtype
- Land, Mixed Use
Listing agent Mirza Avdovic License #NY 10401278796
Listing office MIdtown - Keller Williams NYC
Listing date Aug 7, 2024
Source Crexi
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
HighLights
- Rare corner assemblage of three lots (50 x 95 Ft) at the corner of East 56th Street and 3rd Ave, offered for the first time in 45 years.
- Favorable C6‑6 zoning as of right with approximately 71,835 SF of future development.
- Existing commercial component of 5 units generating $891,149.40 in rents.
- Existing residential component of 15 units generating $320,420.40 with future upside.
- Prime location on the southwest corner of 56th St and Third Ave.
- Convenient access to a robust public transportation network (4, 5, 6, F, N, R, W trains and MTA buses).
Overview
A rare opportunity exists to acquire a corner assemblage of three lots located at the corner of East 56th Street and 3rd Ave. The properties, consisting of 926-928 Third Ave, 930 Third Ave and 164 East 56th Street, offer a 50 x 95 ft lot size suitable for future development. The properties encompass 71,835 square feet of commercial space and 47,890 square feet of residential space. Located on the southwest corner of 56th St and Third Ave, the property benefits from a robust public transportation network, including the 4, 5, 6, F, N, R, and W trains, as well as MTA buses. The properties have favorable C6-6 zoning, allowing for approximately 71,835 square feet of future development. The commercial component consists of 5 units generating $891,149.40 of existing rents. The residential component consists of 15 units generating $320,420.40 with future upside. The collection of properties is being offered for the first time as it has been in the same family for 45 years.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9682709
- Latitude
- 40.7595494
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Rare opportunity: corner assemblage for future development in New York.
Where is this commercial land located?
The property is located at 928 3rd Ave New York, NY.
What are key features of this property?
This property features: Rare corner assemblage of three lots (50 x 95 Ft) at the corner of East 56th Street and 3rd Ave, offered for the first time in 45 years.; Favorable C6‑6 zoning as of right with approximately 71,835 SF of future development.; Existing commercial component of 5 units generating $891,149.40 in rents.
