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Currently, the Site is comprised of a single building across three adjacent lots (30,32,34), featuring ~160’ of frontage along the bustling Second Avenue corridor and East 25th Street. The Site is located within a favorable C1-8A zoning district, which permits a 7.52 residential FAR and a 7.5 community facility FAR. As such, prospective developers have the option to create a variety of different mixed-use projects totaling approximately 44,987 ZFA as-of-right. As-is, the building measures approximately 17,023 gross square feet and will be delivered vacant.
JLL has been hired on an exclusive basis to arrange for the sale of “The Site” at 429-437 Second Avenue, a truly unique development site just several blocks from the water in the beautiful Kips Bay neighborhood of Manhattan. The Site is located on the Southwest corner of Second Avenue and East 25th Street which permits an efficient layout.