42 2nd Avenue, New York, NY, 10003

Highlights

• Desirable NoHo/East Village submarket
• 161' of frontage
• Pre-purchased off-site certificates
• Thorough, completed architectural plans
• Desirable Layouts to maximize commercial and residential rents
• Flexible C6-2A, R8A zoning with over 100,000 SF of residential development potential
• Proximity to three subway stations with access to the following: B,D,F,M,6

Description

Avison Young, as exclusive agent, is pleased to offer 42 Second Avenue, New York, NY (“Property”) for sale, a prestigious development opportunity at the crossroads of NoHo and East Village. The sizeable 14,019 square foot corner lot features 161 feet of frontage on Second Avenue and 75 feet on East Second Street with a depth of 100 feet. The Property currently exists as a vacant lot and owners have purchased offsite inclusionary air rights for the proposed construction of 136,199 gross square feet including 13,750 square feet below grade. The Property features a curb cut on East 2nd Avenue for on-site parking. The resulting above grade gross square footage reconciles to 122,449 square feet. The Property is planned to feature a rooftop deck and units with sweeping views of Manhattan and the Hudson River, ~10-foot ceilings throughout and abundant light and air on all four sides due to its corner location joined at the junction of East Second Street and Second Avenue. 42 Second Avenue presents a true, expansive development opportunity with a prime NoHo / East Village address. The scale and location of the Property offer the blank canvas for a premier mixed use, commercial or residential condo project.

Manhattan