696-698 2nd Avenue

10-12-2021
01-10-2022

696 2nd Ave, New York, NY 10016

  • Rare Large Development Site in the Murray Hill section of Manhattan
  • C1-9/TA Allowing for 33,600 Buildable Square Feet “As of Right”
  • Short Walk to Grand Central Train Terminal
  • 42 Feet of Frontage on 2nd Avenue
  • Properties Delivered Vacant

Property Description

Marcus & Millichap is pleased to offer 696 & 698 2nd Avenue, located between East 37th Street and
East 38th Street in the Murray Hill section of Manhattan, NY.

696 2nd Avenue is a 4 story mixed-use building built 21 ft x 64 ft and sits on an 21 ft x 80 ft lot with 21 feet of frontage on 2nd Avenue. 696 2nd Avenue is zoned C1-9/TA which allows for a maximum of 10 FAR “As of Right”. The total building square feet is 5,460 square feet with an “As of Right” total buildable square feet of 16,800. 698 2nd Avenue is a 4 story mixed-use building that consists of 1 retail unit and 2 residential units. The property is built 21 ft x 80 ft on the first, 21 ft x 56 ft on the second, and 21 x 50 on the third and fourth floor.The property sits on a 21 ft x 80 ft lot with approximately 5,460 gross square feet. The property is zoned C1-9/TA allowing for approximately“As of Right” total buildable square feet of 16,800 (Block: 943, Lots: 60 & 61)

This property offers developers the rare opportunity to purchase a large development site with 42 ft of frontage on 2nd Avenue and C1-9/TA allowing for 33,600 buildable square feet “As of Right” in the Murray Hill section of Manhattan, New York.

Key Property Information

Listing Status
Available
Multifamily type
Development Opportunity
Price
$ 16,500,000
No. of Units
10
Opportunity Zone
Off
Price per unit
$ 1,650,000
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