42 Second Avenue, New York City, NY 10011

BKREA has been retained on an exclusive basis to arrange the sale of 42 Second Avenue (the "Site"), a premier residential development opportunity located in Manhattan's East Village. Situated on the northeast corner of Second Avenue and East 2nd Street, the Site benefits from exceptional visibility and a commanding corner presence in one of Manhattan's most sought-after neighborhoods.

The East Village is situated in Lower Manhattan, bounded by Bowery and Third Avenue to the west, 14th Street to the north, Houston Street to the south, and the East River to the east. Its location places it at the heart of some of Manhattan’s most dynamic areas, including NoHo to the west, the Lower East Side to the south, and Alphabet City to the east. The eastern edge of the neighborhood runs along the East River, providing access to East River Park, a vital green space with recreational facilities, walking paths, and sweeping views of Brooklyn and Queens. The East Village’s central location ensures excellent connectivity to the rest of Manhattan, with multiple subway and bus lines nearby.

BKREA has been retained on an exclusive basis to arrange the sale of 42 Second Avenue (the "Site"), a premier residential development opportunity located in the East Village. Situated on the northeast corner of Second Avenue and East 2nd Street, the Site benefits from exceptional visibility and a commanding corner presence in one of Manhattan's most sought-after neighborhoods.

The Site has been fully demolished and offers 14,019 square feet of lot area with approximately 161 feet of prime frontage along Second Avenue. Zoned C6-2A (R8A), the Site permits a residential FAR of 6.02, which can increase to 7.20 through the Universal Affordability Preference (UAP) zoning initiative, yielding a total buildable envelope of approximately 100,936 square feet.

The Site will be delivered with 20,468.2 square feet of Inclusionary Housing Certificates, of which a purchaser may deploy 16,543 square feet to unlock fully free-market residential floor area. This bonus floor area increases the free-market residential buildable area to approximately 100,936 square feet, with an additional 3,925.2 square feet that can be sold to a development site within the same community board or within 0.5 miles of 42 Second Avenue.

The East Village is one of Manhattan's most sought-after residential submarkets, offering exceptional walkability, a world-class dining and retail scene, and one of downtown Manhattan's most vibrant street-level cultures. The Site is served by multiple subway lines within walking distance, including the 6, L, F, and M trains, providing seamless connectivity throughout the city.