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CB4 Manhattan New York, NY 10036

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

Type:Land
Added:
Oct 1, 2022
Days on Market:
1303
Last Refresh:
Mar 17 at 1:15 pm

Property Features for CB4 Manhattan

General Information

Standard status
Active
Property subtype
Land

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Listing Contact
Michael Tortorici

Listing agent Michael Tortorici License #NY 401085153

Listing office Ariel Property Advisors

Listing date Oct 1, 2022

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 Ariel Property Advisors


Overview

Manhattan Community Board 4 Air Rights

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.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9640462
Latitude
40.7948777

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.
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