The buildings can be sold together or separately. The properties can also be offered as a long term land lease instead of a sale.
The three contiguous properties are zone 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). **All information must be verified by the purchasers architect**.
These properties offer developers the unique and rare opportunity to acquire a 93.67 ft x 98.75 ft site with favorable M1-6D zoning in a desirable area that borders both Hudson Yard and Penn Station. This is the perfect site to build a hotel or mixed-use development.
With the new Hudson Yards development nearby, business has been booming recently and there are endless opportunities and benefits to owning and developing a property in the area. Multinational firms such as Amazon, JPMorgan, and BlackRock have moved to the Chelsea/Hudson Yards neighborhood over the course of the past year, and more are eager to do the same in the near future!
Courtesy Of Compass
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Real Estate Tax
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