211-215 East 38th Street

These three contiguous properties are located on the northwest corner of East 38th Street and the Midtown Tunnel Access Road between Second and Third Avenues. Together they create a development parcel with over 71’ of frontage on East 38th Street and 98.75’ of frontage along the Midtown Tunnel Access Road. The three buildings can all be delivered completely vacant with 120 days notice at any time before December 31st, 2015 creating an ideal scenario for a luxury residential development. The site is zoned C1-9 with a residential FAR of 10.0, of which 2.0 FAR can be for commercial use, allowing for approximately 70,221 buildable square feet. An extra 2.0 FAR residential can be developed by purchasing additional air rights through the Inclusionary Housing Program. This would increase the residential FAR from 10.0 to 12.0 and increase the total buildable square footage to 84,265.