Rare Development Opportunity in Manhattan’s Hottest Neighborhood

Highlights

• C6-2A Zoning District & R8 (R8A) Residential Equivalent
• +/- 30,200 Residential ZFA 10 with acquisition of Special Permit and Inclusionary Housing
• +/-21,744 Residential ZFA 7.2 with Inclusionary Housing Certificates
• Commercial FAR of 6.00
• As-of-right Residential FAR of 5.40
• +/-76 feet of frontage on East 9th Street and +/-25 feet on 4th Avenue
• The development site is not subject to Historic District or Landmark Designation
• Close to Astor Place, New York University, Washington Square Park & Union Square
• Immediate access to public transportation; 4 and 6 trains & blocks from Q, R, and W trains

Description

Prime Development Opportunity in NOHO - 57 4th Avenue, New York, NY 10003

Unlock the potential of one of Manhattan’s most desirable neighborhoods with this unparalleled development opportunity. Positioned at the southeast corner of Fourth Avenue and East 9th Street, this +/- 3,050 SQFT corner lot is situated in the heart of Noho, just steps from Astor Place and surrounded by some of the city’s most vibrant cultural, dining, and retail destinations.

Property Highlights: Zoning: C6-2A with as-of-right 5.4 FAR, allowing for a 16,470 buildable square feet.

Development Potential: With Inclusionary air rights, FAR increases to 7.6. Architectural analysis and zoning code suggest potential to achieve 10 FAR with a special permit and air rights purchase, providing a rare chance to maximize value.

Current Use: Single-story retail property offering steady visibility and frontage on Fourth Avenue.

Neighborhood Appeal: Noho continues to rise as a premier destination with top-tier amenities and new developments, including the highly anticipated Wegman’s opening nearby.

Unmatched Location: Noho's eclectic character combines trendy hotspots with historic charm, making it a magnet for residents, tourists, and investors alike. Nearby highlights include:

Culinary Scene: Acclaimed restaurants like The Smile, Indochine, The Mermaid Inn, and Katz’s Delicatessen.
Shopping & Culture: Boutiques, theaters, and vibrant nightlife options.

Transportation Access: Steps to the Astor Place 6 train, and minutes from Union Square’s transportation hub.

Key Investment Limits: Our sellers are exclusively interested in a clean and direct sale with no JV or equity participation.

This property presents a rare opportunity to create a transformative development in one of Manhattan’s most dynamic neighborhoods. With its premium corner lot position, flexible zoning, and proximity to world-class amenities, 57 4th Avenue is poised to deliver exceptional returns.

Real Broker, LLC is exclusively retained for this offering. Don’t miss your chance to leave a lasting legacy in Noho.
Contact us today for zoning analyses, pit tests, building plans, and additional materials.

The redevelopment site is located at the intersection of three of the most prestigious communities for luxury developments – NoHo (North of Houston Street), Union Square, and Greenwich Village. When you make an offer and purchase this potentially luxurious development opportunity, you will directly benefit from the established and mature business sector and highly trafficked block. Click below to learn more about each neighborhood.