{"id":17267,"date":"2015-09-30T10:59:17","date_gmt":"2015-09-30T14:59:17","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=17267"},"modified":"2015-09-30T10:59:17","modified_gmt":"2015-09-30T14:59:17","slug":"zoom-in-which-nyc-areas-have-unused-development-rights","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/09\/30\/zoom-in-which-nyc-areas-have-unused-development-rights\/","title":{"rendered":"Zoom In: Which NYC Areas Have Unused Development Rights?"},"content":{"rendered":"

For NYC developers, the air in the Big Apple\u00a0may soon\u00a0become almost as valuable as the land. With land prices going up and not too much space to build horizontally, the right to build vertically has gotten a lot of attention lately and will continue to do so especially if the law governing the transferable development rights becomes more flexible.<\/p>\n

In NYC real estate<\/a>, the total number of\u00a0square feet allowed to be built on a certain lot is regulated by the zoning law. With\u00a0many areas still underbuilt, it seems that there are still millions of square feet hanging up in the air which developers can use for their projects. Where exactly are those areas located?<\/p>\n

If you take a look at our\u00a0Air Rights map you’ll see\u00a0which areas present the biggest opportunities for upward development<\/a> right now — \u00a0look for the dark red and yellow patches. You’ll find that many\u00a0areas where real estate prices have been soaring for several years\u00a0— parts of Lower Manhattan, Harlem, and North Brooklyn —\u00a0have unused air\u00a0rights.<\/p>\n

Click on the map to check out\u00a0the development opportunities in your area of\u00a0interest:<\/p>\n

\"NYC<\/a>If you are a PropertyShark subscriber, you’ll also have access to the mini\u00a0report available for your\u00a0property of interest. The report provides an overview of the property together with information on the maximum usable area and the available air rights, calculated by\u00a0parcel and block.<\/p>\n

\"NYC<\/a><\/p>\n

 <\/p>\n

To access the full report, which contains even more information on the property, such as its sales and tax history, ownership, and more, click on the property address in the mini report.<\/p>\n

Not a PropertyShark member? Check out this sample report<\/a> to see what data is available for NYC properties!<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

For NYC developers, the air in the Big Apple\u00a0may soon\u00a0become almost as valuable as the land. With land prices going up and not too much space to build horizontally, the right to build vertically has gotten a lot of attention lately and will continue to do so especially if the law governing the transferable development…<\/p>\n","protected":false},"author":30,"featured_media":17273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[328],"tags":[780],"class_list":["post-17267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york-real-estate","tag-nyc-air-rights"],"yoast_head":"\nZoom In: Which NYC Areas Have Unused Development Rights? - PropertyShark Real Estate Blog<\/title>\n<meta name=\"description\" content=\"Looking for properties with unused air rights in NYC? Check out our map!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/09\/30\/zoom-in-which-nyc-areas-have-unused-development-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoom In: Which NYC Areas Have Unused Development Rights?\" \/>\n<meta property=\"og:description\" content=\"Looking for properties with unused air rights in NYC? Check out our map!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/09\/30\/zoom-in-which-nyc-areas-have-unused-development-rights\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-30T14:59:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/09\/air-rights-map.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1242\" \/>\n\t<meta property=\"og:image:height\" content=\"879\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roxana Baiceanu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zoom In: Which NYC Areas Have Unused Development Rights? - PropertyShark Real Estate Blog","description":"Looking for properties with unused air rights in NYC? 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