Inclusionary Air Rights CB5 Manhattan Manhattan, NY 10001

Listing Agency: Ariel Property Advisors Show Phone

Listed By: Michael Tortorici · License #NY 401085153

Source: Crexi

Added: Oct 1, 2022 Changed: Jul 10 Last Checked: Jul 29 at 2:36PM

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Investment Insights

Based on property information with market context.

Approximately 6,000 square feet of inclusionary air rights are available in Manhattan’s Community Board 5. This offering allows owners of eligible properties to increase the size of market-rate developments located in Community Board 5, within a 1/2 mile radius of the generating site or within specified designated inclusionary housing areas. Properties located in an R10 or equivalent zoning district can increase their FAR from 10.0 to 12.0, providing an opportunity to maximize both the floor area and value of a development site.

Key Highlights

• Opportunity to increase FAR from 10.0 to 12.0 in R10 or equivalent zoning districts.
• Allows for enlargement of market‑rate developments.
• Located in Manhattan's Community Board 5.

Property Analytics

Property Profile Location Intelligence

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Hair Salon Big Box & Wholesale Store Spa & Massage Center

Zoning and permitted uses should be independently verified with authorities.

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Frequently Asked Questions

What type of property is this?

Commercial land - 6,000 SF of Inclusionary Air Rights in Manhattan CB5.

Where is this commercial land located?

The property is located at Inclusionary Air Rights CB5 Manhattan Manhattan, NY.

What are key features of this property?

This property features: Opportunity to increase FAR from 10.0 to 12.0 in R10 or equivalent zoning districts.; Allows for enlargement of market‑rate developments.; Located in Manhattan's Community Board 5.