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CB5 Manhattan

1 East 35th Street, New York, NY 10016

  • For Sale Contact for pricing
  • Property Type Mixed Use
  • Property Size 6,000 SF
  • Year Built 2007
  • Date Updated Mar 11, 2021

Ariel Property Advisors has been retained to market the disposition of approximately 6,000 square feet of inclusionary air rights (IARs) in Manhattan’s Community Board 5. This offering is an opportunity for owners of eligible properties to enlarge the size of market-rate developments located in Community Board 5, within a 1/2 mile radius of the generating site or within additional specified Designated Inclusionary Housing Areas. For example, properties located in a R10 or equivalent zoning district can increase their FAR from 10.0 to 12.0, providing an outstanding opportunity to maximize both the floor area and value of a development site.

Approximately 6,000 buildable square feet.

Only properties that meet the IAR requirements in Manhattan’s Community Board 5 or within a 1/2 mile radius of the generating site are eligible receiving sites. Additionally, mid-block properties that are located in the Designated Inclusionary Housing Area between 7th and 8th Avenues from the north side of West 28th Street to the south side of West 30th Street are also eligible receiving sites.

Eligible receiving sites are located in either R10, C5-2, C5-3, C6-2A, C6-4, C6-4A, C6-6 or C6-7 zoning districts or in Inclusionary Housing Designated Areas. Some CB6 properties are within a half-mile of the generating site and may be eligible receiving sites - please inquire for more details.

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Location

  • City New York, NY
  • Neighborhood Murray Hill
  • Zip Code 10016
  • Market Manhattan

Contacts

broker

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

broker

Howard Raber

Ariel Property Advisors

(212) 544-9500 x 23

Frequently Asked Questions

What is the total size of CB5 Manhattan?

CB5 Manhattan has a total of 6,000 square feet.

What is the year built for CB5 Manhattan?

The year built for CB5 Manhattan is 2007.

Contact CB5 Manhattan

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