301 Third Avenue

New York, New York

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Building

Stats

  • Property Type Retail - Street Retail
  • Building size (SF) 14,456

Overview

Avison Young, as exclusive agent, is pleased to offer for long-term ground lease a development site located at 301-307 Third Avenue (a.k.a. 201-203 East 23rd Street) (“the Property” or “Site”) at the confluence of two Manhattan neighborhoods – Gramercy Park and Kips Bay. The 7,227± SF corner lot features 172 feet of wraparound frontage, with 74 feet along the eastern side of Third Avenue and 98 feet along the northern side of East 23rd Street. The Property lies within C2-8A zoning district (R10A equivalent), offering 10.0x Floor Area Ratio (FAR) as of right and 12.0x FAR with the (voluntary) Inclusionary Housing (“IH”) Bonus. This equates to 72,268 SF as-of-right or 86,721 SF with the IH density bonus.

Highlights

Corner lot with a combined 172’ of frontage along Third Avenue and East 23rd Street – both wide streets

Maximum 72,268± square feet of Zoning Floor Area as-of-right or 86,721± square feet of Zoning Floor Area with the Inclusionary Housing bonus

Flexibility in development plan of market rate rentals, affordable rentals, or institutional use

Proximity to 6 train at 23rd Street/Park Avenue South station and N/R/W trains at 23rd Street/Broadway Station
Desirable Gramercy Park/Kips Bay location near Madison Square Park, Union Square Park and Stuyvesant Square Park

Not subject to Historic District or Landmark Designation

Full possession by November 2022

Location Map

Team

Erik Edeen

Erik Edeen

Principal, Director of Investment Sales Operations
Avison Young - US - NY - New York
203 927 7480
Charles Kingsley

Charles Kingsley

Principal
Avison Young - US - NY - New York
917 312 0778
James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485
Brandon Polakoff

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998

Downloads

301_Third_Zoning_Study.pdf

Yumiumi_Inc_-_Lease_-_201_E_23rd_St.pdf

Verizon_-_Cell_Site_Lease_-_201_E_23rd_St.pdf

ATT_-_Cell_Site_Lease_-_201_E_23rd_Street.pdf

307_Third_Avenue_East_Venture_LLC_-_Lease_-_307_Third_Ave..pdf

301 Third Avenue Flyer

Register for Offering: 301 Third Avenue OM

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