Pleased to offer 216 222 West 30th Street, located between 7th and 8th Avenues in the Chelsea neighborhood of Manhattan.

216-222 West 30th Street
New York NY 10001
Cross street:Seventh Avenue

Building

Type:Low-rise
Era:Post-war
Floors:2

Property

Ownership: Development Site
Rooms: 1
Bedrooms: 1 BR
Bathrooms: 1

Financials

Price: $60,000,000
55 Christopher Street New York, NY 10014
Fax:
Courtesy of Compass

Description

Pleased to offer 216-222 West 30th Street, located between 7th and 8th Avenues in the Chelsea neighborhood of Manhattan. 216-222 West 30th Street currently exists as three contiguous 2-story commercial buildings but lend themselves well to a large development opportunity on a combined 93.67 ft x 98.75 ft lot.

The buildings can be sold together or separately. The properties can also be offered as a long term land lease instead of a sale.

The three contiguous properties are zone M1-6D which allows for an As of Right FAR of 10 allowing for approximately 92,499 buildable square feet and FAR of 12 allowing for approximately 110,999 buildable square feet through the Inclusionary Housing Bonus (Block: 779, Lots” 53, 55 & 56). **All information must be verified by the purchaser’s architect**.

These properties offer developers the unique and rare opportunity to acquire a 93.67 ft x 98.75 ft site with favorable M1-6D zoning in a desirable area that borders both Hudson Yard and Penn Station. This is the perfect site to build a hotel or mixed-use development.

With the new Hudson Yards development nearby, business has been booming recently and there are endless opportunities and benefits to owning and developing a property in the area. Multinational firms such as Amazon, JPMorgan, and BlackRock have moved to the Chelsea/Hudson Yards neighborhood over the course of the past year, and more are eager to do the same in the near future!

Amenities

  • Walk-up

Neighborhood

More listings:

Pleased to offer 216 222 West 30th Street, located between 7th and 8th Avenues in the Chelsea neighborhood of Manhattan.

Description

Pleased to offer 216-222 West 30th Street, located between 7th and 8th Avenues in the Chelsea neighborhood of Manhattan. 216-222 West 30th Street currently exists as three contiguous 2-story commercial buildings but lend themselves well to a large development opportunity on a combined 93.67 ft x 98.75 ft lot.

The buildings can be sold together or separately. The properties can also be offered as a long term land lease instead of a sale.

The three contiguous properties are zone M1-6D which allows for an As of Right FAR of 10 allowing for approximately 92,499 buildable square feet and FAR of 12 allowing for approximately 110,999 buildable square feet through the Inclusionary Housing Bonus (Block: 779, Lots” 53, 55 & 56). **All information must be verified by the purchaser’s architect**.

These properties offer developers the unique and rare opportunity to acquire a 93.67 ft x 98.75 ft site with favorable M1-6D zoning in a desirable area that borders both Hudson Yard and Penn Station. This is the perfect site to build a hotel or mixed-use development.

With the new Hudson Yards development nearby, business has been booming recently and there are endless opportunities and benefits to owning and developing a property in the area. Multinational firms such as Amazon, JPMorgan, and BlackRock have moved to the Chelsea/Hudson Yards neighborhood over the course of the past year, and more are eager to do the same in the near future!

Amenities

  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.