353-357 Second Ave

The subject property represents an incredible re-development opportunity on the west side of Second Avenue between East 20th and East 21st Streets in the highly coveted Gramercy neighborhood. The lot totals approximately 4,536 square feet and features 60’ of frontage with a curb-cut along Second Avenue. The site is currently improved with a 3-story plus cellar, approximately 10,000 square foot mixed-use building consisting of the Andrett Funeral Home on the ground floor, renovated apartments on the upper floors used as furnished corporate housing for the current ownership, an elevator and a garage. The property will be delivered vacant. The property lies within an R9A zoning district with a C1-5 overlay allowing an FAR of 7.52 for residential and up to 2.0 for commercial. Given the zoning and FAR a new development of approximately 34,111 square feet could be built as-of-right for residential, mixed-use or a community facility.