32 E 30th St, New York, NY 10016

Avison Young, as exclusive agent, is pleased to present the opportunity to acquire 32 East 30th Street (the “Site”), a 4,222 SF block-through development parcel spanning East 29th and East 30th Streets between Park and Madison Avenues. Positioned in the heart of the coveted NoMad submarket, the Site benefits from C5-2 / R10 zoning, which permits a base residential and commercial FAR of 10.00x (42,216 ZFA) and up to 12.00x FAR (50,659 ZFA) through participation in the Universal Affordability Program. Also included in the sale is 19,814 SF of air rights from the adjacent lot, which would allow for a potential total free market development of up to 62,030 ZFA.

The property is currently improved by a vacant four-story mixed-use building fronting East 30th Street. 32 East 30th Street offers a rare opportunity to secure a premier Nomad location at a very attractive basis, creating meaningful value for developers.