Marcus & Millichap - Tri Borough Multi-Family

216-222 West 30th Street

NY

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Price: $60,000,000
Building Size: 92,499 Square Feet
Property Type: Commercial
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew.Fotis@marcusmillichap.com
Sam Hoefle
Tel: 212-430-6132
Samuel.Hoefle@marcusmillichap.com
Property Status: Active
Description:

Marcus & Millichap is pleased to offer 216-222 West 30th Street, located between 7th Avenue and 8th Avenue in the Chelsea section of Manhattan, New York. 216-222 West 30th Street currently exists as three
contiguous 2-story commercial buildings but lend themselves well to a large development opportunity on a combined 93.67 ft x 98.75 ft lot. The three contiguous properties are zoned M1-6D which allows for an “As
of Right” FAR of 10 allowing for approximately 92,499 buildable square feet and FAR of 12 allowing for approximately 110,999 buildable square feet through the Inclusionary Housing Bonus (Block: 779, Lots: 53, 55 & 56).

These properties offer developers the incredibly rare opportunity to acquire a 93.67 ft x 98.75 ft site with favorable M1-6D zoning on the borders of Hudson Yards and Penn Station in the North Chelsea section of Manhattan, New York.