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617 2nd AveNew York, NY 10016
617-621 Second Avenue
Asset ClassLand, Multifamily
overview of deal

Overview

Avison Young, as exclusive agent, is pleased to offer a corner development site at 617-621 Second Avenue (“Property” or “Site”) in the Murray Hill neighborhood of Manhattan. The Property features a combined 132± feet of wraparound frontage on the southwest corner of 34th Street and Second Avenue. The fully free market Property provides developers with the opportunity to create a highly visible development on one of the most prominent corners in Murray Hill.

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Investment Highlights

  • 43,190± residential ZFA for market rate and 51,836± residential ZFA for UAP
  • 70± feet of street frontage on East 34th Street and 62± feet of street frontage on 2nd Avenue
  • 100% free market tenancy and retail demolition clauses offer covered land strategy
  • Inclusionary housing certificates available to purchase separately
  • Adjacent to NYU Langone and SPARC (Science Park and Research Campus) Kips Bay
  • C1-9A zoning district, which has an R10A equivalent
  • Nearby the M34/M34A 34th Street Select Bus Service, the East 34th Street NYC Ferry stop
  • Not subject to Historic District or Landmark Designation
  • Will benefit from Phase 3 of the 2nd Avenue Subway project
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617 2nd AveNew York, NY 10016

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