$20,900,000
Updated 6 years ago
Off Market
762-766 Second Ave
Tudor City, Manhattan | East 40th Street & East 41st Street
Development Site
$20,900,000
floors4
Lot Size49'4"x76'3"
ZoneC1-9
Building TypeDevelopment Site
RE Taxes$138,238
Property Description for 762-766 Second Ave
Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of a two parcel development site located on the southeast corner of East 41st Street and Second Avenue in Midtown East, steps from the Tudor City Historic District. The site has approximately 37,869 buildable square feet as of right and over 120’ of wraparound frontage on Second Avenue and East 41st Street.
The C1-9 zoning designation allows for a total of 10.0 FAR residential and 2.0 FAR commercial (7,574 square feet of commercial space). Additionally, a 20% increase in FAR is available through the Inclusionary Housing Program bonus which would bring the maximum FAR to 12.0 and allow for approximately 45,443 buildable square feet. This development is a prime location just steps away from Tudor City, the United Nations and Grand Central Terminal creating an ideal mixed-use development opportunity.
Listing History for 762-766 Second Ave
Now
11/19/2015
POM by John F. Ciraulo
Cushman & Wakefield
2015
Building Details for 762-766 Second Ave
OwnershipDevelopment Site
Building TypeDevelopment Site
AccessWalk-up
Floors4
Transit and Citi Bike
Subway
Grand Central-42 St
0.25 miles
Railroad
Grand CentralMetro-North Railroad
0.37 miles
Grand CentralLong Island Rail Road
0.46 miles
Citi Bike
E 43 St & 2 Ave
0.11 miles
1 Ave & E 42 St
0.13 miles
Ferry
East 34th Street
0.36 miles
Tudor City | Manhattan
Quick Profile
Compared to other New York City neighborhoods Tudor City is a bit different. For starters, it's not very big. And technically it's not a neighborhood, it's more along the lines of a residential enclave of Tudor style buildings and parks. Even with the large neon sign boldly exclaiming the enclave's name, Tudor CIty is still a little tricky to find.
Located on the southern edge of Turtle Bay, Tudor City borders Murray Hill and lies on a low cliff which is just east of Second Avenue between 40th and 43rd Street. It overlooks the grounds of the United Nations along First Avenue and the East River beyond.
Tudor City is considered one of the world’s first skyscraper apartment complexes. This was considered a remarkable feat in 1929. Early marketing material, aimed at the middle class, described the development as well-planned, well-built, and well-priced housing. Developer Fred F. Finch designed Tudor City to keep middle class residents in Manhattan as many were fleeing the city for the suburbs.
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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 55571TH
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