304 East 49th Street

> 304 East 49th Street is a vacant four-story building located between First and Second Avenues. > The building is zoned C1-9, allowing for a mixed-use development. > Sitting with 25’ of frontage on East 49th Street, the subject property is made up of approximately 4,500 gross square feet and benefits from 8,060 SF of additional air rights. > Currently the property consists of two retail units on the ground floor, live/work space on the second and third, and two one-bedroom apartments on the fourth floor. > The basement, which contains full-height ceilings and is approved for commercial use, provides extra square footage and serves as ancillary office space. > The basement and hallways are also equipped with a sprinkler system. > The property will be delivered vacant and could be a perfect opportunity for user groups looking to invest in a rapidly transforming area as well as for families looking to relocate to an area booming with residential development. > Embassies will find the property particularly appealing as it is just steps away from the UN headquarters. > Sitting near the Second Avenue corner lot line, this property is well positioned as a future corner assemblage. 304 East 49th Street is conveniently located in the heart of Midtown East, providing easy access to Manhattan’s core. > Buyers benefit from being just a few blocks from the United Nations, and will see an increase in transportation options with the incoming Second Avenue subway.