Marcus & Millichap - Tri Borough Multi-Family

3 East 3rd Street

3 East 3rd Street
East Village, Manhattan

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Price: $11,500,000
Building Size: 18,330 Buildable Square Feet
Property Type: Development Site
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Rob Aaron
Tel: 212-430-5232

Marcus & Millichap is pleased to offer 3 East 3rd Street, located between Bowery and 2nd Avenue in the East Village section of Manhattan. The subject property contains a three story vacant building built 40 ft x 43 ft and sits on an irregular 40 ft x 96.17 ft lot with approximately 5,000 gross square feet. The property is zoned R8B/C6-1 (Block: 00459, Lot: 0048)

The property is covers two separate zoning districts with 42 percent of the lot in the R8B zoning district and 58 percent of the lot in the C6-1 zoning district. A zoning study was conducted by Design AIDD Architecture which indicates a residential FAR of 3.44 allowing 10,509 buildable square feet, a commercial FAR of 6.00 allowing 18,330 and a maximum community facility FAR of 6.50 allowing 19,857 square feet.

This property offers developers the rare opportunity to purchase a development site in the prime NOHO section of New York, New York.