366 Third Ave

Located on the west side of Third Avenue between East 26th and East 27th Streets, 366 Third Avenue is an existing 4-story, mixed-use, commercial building with close to 25’ of frontage along Third Avenue. The building can be delivered vacant providing an incredible re-development opportunity to build approximately 27,675 square feet. The property sits on a lot that is approximately 112’ deep with a 2,768 square foot footprint. The property is zoned C2-8 (R10 Equivalent), which allows for residential, retail, community facility, or mixed-use development. Additionally, the property is eligible for an Inclusionary Housing Bonus, which would allow for 12.0 FAR or approximately 33,216 square feet for residential use if inclusionary housing rights were purchased from other sites within the Community Board 6 (CB6) District or a 1/2 mile radius of the subject property. The properties superb location just two blocks east of the #6 subway line, three blocks from Madison Square Park, and easy access to Grand Central Station and the major employment centers of Midtown South (Manhattan’s fastest growing submarket), this site provides prospective developers the ability to deliver a one-of-a-kind project in one of NYC’s most desired neighborhoods to live and work.