123 2nd Avenue, New York, NY for sale

Investment Overview

123 Second Avenue (Block 463, Lot 33) is a vacant development site, with all existing structures having been demolished. The lot features approximately 25 feet of frontage and 100 feet of depth along the west side of Second Avenue between East 7th Street and St. Marks Place. The lot area is approximately 2,500 square feet and is zoned R7A/C1-5, permitting an array of uses including office, retail, residential, community facility, and hotel. Zoning allows for 4 FAR as of right for residential, and 5.01 FAR with UAP, plus flexibility for 2 FAR commercial and 4 FAR community facility, allowing for a mixed use execution in one of Manhattan's hottest neighborhoods. The site sits within the East Village/Lower East Side Historic District. Its location in the western part of the East Village, just one block from Manhattan's iconic NoHo and Greenwich Village neighborhoods, commands some of the city's highest rents and condo sellouts, alongside unmatched historical significance and best in class entertainment and dining.