108 East 30th Street

This four unit townhouse has a large rear garden and is an ideal live-work building for an owner-user, as well as an excellent opportunity for an investor or developer. The apartments occupy four floors plus the above-grade rear lower level, which opens to the garden. The building is approximately 6,140 SF, and additional air rights of nearly 15,000 SF give the buyers many options to customize or develop the building. The building is currently configured as: - Ground and lower floor rear is a 3-bedroom, 2.5 bath duplex apt. with a 30-foot deep two-level yard (non-rent-regulated, approx. 1,780 interior SF); - 2nd floor is a floor-through 2-bedroom/2-bath apartment (non-rent-regulated; approx. 1,240 interior SF); - 3rd floor is a floor-through 2-bedroom/2-bath apartment with a rear terrace (non-rent-regulated; approx. 1,160 interior SF); - The top floor is a full-floor 1-bedroom apartment (rent-stabilized, approx. 1,160 SF) All apartments are occupied. The average rent of about $31/SF is about 45% of market value, providing tremendous future upside. The building is one of four similar townhouses nestled in a row on a quiet tree-lined street between Park Ave South and Lexington Ave in Murray Hill. Within a few blocks are NoMad’s trendy new restaurants and quiet neighborhood favorites. It is within a 5-minute walk of Kips Bay and NYU Medical Center to the east, and Korea Town and Herald Square to the west. Transportation is extremely convenient: it is only 2 blocks to entrances to the 28th St. and 33rd St. subway stations of the Lexington Ave line (4 & 6), and 4 blocks to the crosstown M34/34A bus stops. The FDR Drive is about half a mile to the east. The property is in a C6-4A/R10A zoning district, which allows for a maximum as-of-right commercial and residential development of approximately 19,750 SF, with current in-place residual air rights of approximately 14,820 SF. All tours are by appointment only. Please do not disturb the tenants.