389 Second Ave

389 Second Avenue is located on the west side of Second Avenue between 22nd and 23rd Streets in the highly coveted Gramercy Park neighborhood. This 19.5’ wide, 4-story mixed-use building offers approximately 4,580 existing square feet and approximately 10,630 square feet of unused air rights. Delivered vacant, the building is uniquely positioned to benefit from its location within the C1-9A (R10A equivalent) zoning district which carries an FAR of 10.0 for approximately 15,210 total buildable square feet and will likely benefit from a future assemblage. The property is within convenient walking distance to Gramercy Park, Madison Square Park, Stuyvesant Park, and Union Square. Local transportation is available within a few short blocks to the L, N, Q, R, 4, 5 and 6 subways. The area surrounding 389 Second Avenue has seen a surge in neighborhood improvements and recent developments in the last few years and has become amongst the most desirable neighborhoods to live and work in the city. Given the property can be delivered vacant, its prime location in the red-hot Gramercy Park neighborhood and favorable zoning the property is ideal for an end-user, as a live/work, live/invest or future redevelopment and assemblage opportunity.