Marcus & Millichap - Tri Borough Multi-Family

696-698 2nd Avenue

NY

info heading

info content

Price: $16,500,000
Building Size: 33,600 Square Feet
Property Type: Development Site
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew.Fotis@marcusmillichap.com

Robert Aaron
Tel: 212-430-5232
Robert.Aaron@marcusmillichap.com
Description:

Marcus & Millichap is pleased to offer 696 & 698 2nd Avenue, located between East 37th Street and East 38th Street in the Murray Hill section of Manhattan, NY.

696 2nd Avenue is a 4 story mixed-use building built 21 ft x 64 ft and sits on an 21 ft x 80 ft lot with 21 feet of frontage on 2nd Avenue. 696 2nd Avenue is zoned C1-9/TA which allows for a maximum of 10 FAR “As of Right”. The total building square feet is 5,460 square feet with an “As of Right” total buildable square feet of 16,800. 698 2nd Avenue is a 4 story mixed-use building that consists of 1 retail unit and 2 residential units. The property is built 21 ft x 80 ft on the first, 21 ft x 56 ft on the second, and 21 x 50 on the third and fourth floor. The property sits on a 21 ft x 80 ft lot with approximately 5,460 gross square feet. The property is zoned C1-9/TA allowing for approximately “As of Right” total buildable square feet of 16,800 (Block: 943, Lots: 60 &
61)

This property offers developers the rare opportunity to purchase a large development site with 42 ft of frontage on 2nd Avenue and C1-9/TA allowing for 33,600 buildable square feet “As of Right” in the Murray Hill section of Manhattan, New York.