Listed by BKREA
Unpriced
327 Tenth Avenue
Details
APN 700/36
Property Type Land
Sub Type Residential
Tenancy Vacant
Lot Size (SqFt) 2,470
Zoning C6-4 (R10), WCH
Investment Type Redevelopment
327 Tenth Avenue, New York, NY 10001 - Residential Development Opportunity
Marketing description
BKREA has been exclusively retained to arrange the sale of 327 Tenth Avenue, a remarkable residential development opportunity in Manhattan’s West Chelsea neighborhood.
Location Details
- Located on the southwest corner of West 29th Street and Tenth Avenue.
- Positioned at the intersection of West Chelsea and Hudson Yards.
- Fully demolished boutique development site delivered vacant and construction-ready.
- Approximate lot dimensions: 24.67’ x 100’.
Site Specifications
- Lot Size: 2,470 square feet.
- Zoning: C6-4 (R10 equivalent), WCH.
- As-of-right residential FAR: 6.5.
- Base residential development potential: approximately 16,055 ZFA.
Development Plans
- Eligible to receive up to 2.65 FAR (approximately 6,546 ZFA) from the High Line Transfer Corridor.
- Total residential development potential under existing zoning: approximately 22,601 ZFA.
- Under the City of Yes zoning amendments:
- Participation in the Universal Affordability Preference (UAP) program increases residential FAR to 10.0.
- Allows approximately 24,700 ZFA as-of-right with one qualifying UAP unit.
- Additional 2.0 FAR available through Inclusionary Housing/UAP provisions, adding approximately 4,940 ZFA.
- Maximum residential buildable area: approximately 29,640 ZFA under current zoning regulations.
- UAP requirements may be satisfied through:
- On-site affordable housing units, or
- Purchase of off-site UAP certificates within Community Board 4 or a ½-mile radius.
- BKREA is separately marketing the applicable UAP certificates.
Neighborhood Demand Drivers
- Located between two of Manhattan’s fastest-growing neighborhoods: West Chelsea and Hudson Yards.
- Surrounded by luxury residential, office, retail, and hospitality developments.
- Proximity to the High Line, Hudson Yards, and major transit connections enhances residential demand.
- Strong neighborhood momentum driven by continued investment and new development activity.
Opportunity Highlights
- Boutique-scale, shovel-ready development opportunity.
- Multiple pathways to significantly increase residential density.
- Rare vacant corner site in a highly sought-after Manhattan submarket.
- Attractive opportunity for developers seeking a manageable project with strong upside potential.
Investment highlights
- Tremendous Light and Air - The corner positioning of the site ensures ample natural light and air. Additionally, the upper floors will offer stunning views of the Hudson River, High Line, and Midtown South Manhattan.
- Demolished - The site has already been fully demolished, providing significant cost savings. As a vacant property, a prospective purchaser can move efficiently toward construction and reduce carrying costs, allowing for a faster and more streamlined development timeline.
- Prime West Chelsea Location - Future development will capitalize on nearby attractions, excellent demand drivers, and growing demographics of the surrounding neighborhood. This includes proximity to the Highline, Hudson River Park, renowned art galleries, and Hudson Yards.
- Advantageous Accessibility - The site is conveniently located within an eight- minute walk of both the 34th Street-Hudson Yards station and 34th Street-Penn Station subway stations, while also offering immediate access to the Lincoln Tunnel and the West Side Highway. This phenomenal location provides exceptional connectivity throughout New York City, New Jersey, and Long Island.
- Close Proximity To Attractions - The property is ideally positioned just steps from the High Line and minutes from Hudson Yards, two of Manhattan's most transformative destinations featuring world-class public spaces, luxury retail, dining, entertainment, and waterfront access. The surrounding West Chelsea neighborhood is also home to renowned contemporary art galleries, vibrant nightlife, and premier recreational amenities including Chelsea Piers and Hudson River Park.
Listing Contacts
Listed by BKREA
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
