1627 2nd Ave, New York, NY 10028

BKREA has been retained on an exclusive basis to arrange the sale of 1627 Second Avenue (“The Site”).

• Represents an exceptional development assemblage located in Manhattan’s highly desirable Upper East Side.

Location Details

• Positioned on the west side of Second Avenue between East 84th Street and East 85th Street.

• Located along a heavily trafficked corridor, offering strong visibility and accessibility.

• Surrounded by premier residential buildings, retail, and neighborhood amenities.

Site Specifications

• Lot Size: Approximately 2,422 square feet (irregular configuration).

• Frontage: Approximately 25 feet along Second Avenue.

• Current Improvement: Existing 4-story mixed-use building.

• Strong retail exposure and efficient development potential due to favorable dimensions.

Development Plans

• Zoning: C1-9 (R10 equivalent).

As-of-right FAR:

• 10.0 FAR for residential or community facility use.

• Up to 2.0 FAR permitted for commercial use.

As-of-right ZFA:

• 24,220 square feet total residential or community facility ZFA.

• Includes up to 4,844 square feet of commercial ZFA.

Increased Density Option:

• Residential density may increase to 12.0 FAR, or 29,064 ZFA, through Residential UAP.

• UAP requirement may be satisfied on-site or via off-site UAP (formerly Inclusionary Housing Air Rights), which are not included in the sale.

Neighborhood Demand Drivers

• Located in one of New York City’s most established and desirable residential neighborhoods.

Close proximity to:

• Prestigious schools

• Abundant parks and playgrounds

• Renowned dining establishments

• High-quality retail destinations

Opportunity Highlights

• Rare Upper East Side development site with strong Second Avenue frontage.

• Flexible zoning supporting residential, community facility, or mixed-use development.

• Potential to increase density through Residential UAP.

• Ideal for developers seeking a boutique project in a high-demand, supply-constrained neighborhood.