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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Land Area ()

Property Description

JLL has been hired on an exclusive basis to arrange for the sale of a mixed-use development opportunity at 34 Union Square East, one of the few remaining development sites overlooking Union Square Park.


The site is located on the Southeast corner of Union Square East and East 16th Street, an ideal corner location with over 150 feet of wraparound frontage offering protected light and a strong street presence. Currently, the site is comprised of 2-story commercial building totaling approximately 6,500 square feet which will be delivered vacant.  

Investment Highlights

  • The site is split zoned between C6-4 and C6-2A and is located within the Special Union Square District, which permits an 8.0 residential and 6.0 commercial FAR
  • In total, the site can accommodate up to 26,000 square feet as-of-right and up to 31,200 square feet inclusive of a fully approved 5,200 square foot inclusionary housing bonus
  • The site offers potential developers a blank canvas to construct a truly unique boutique mixed-use condominium project.
Last Updated Date: 26 Nov 2020
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Jonathan Hageman
Jonathan Hageman
Managing Director, Capital Markets
License details
NY-10301212436

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Last Updated Date: 26 Nov 2020

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