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221 E 94th St, New York, NY 231 E 94th St, New York, NY 239 E 94th St, New York, NY
221-239 East 94th Street
Asset ClassMixed Use, Special Purpose, Land, Multifamily
overview of deal

Overview

Avison Young, as exclusive agent, is pleased to offer for sale 221–239 East 94th Street (the “Site”), a contiguous three-parcel development site totaling approximately 20,599 SF of land area in Yorkville, Manhattan. The Site presents a rare opportunity to develop a substantial new mixed-use residential project within a recently rezoned, high-density corridor immediately adjacent to the Second Avenue Subway.

 

The Site is zoned C2-8 (R10) with MIH – Option 2, providing for approximately 247,189 SF of residential ZFA and up to 41,198 SF of commercial ZFA. The 2024 East 94th Street Rezoning transformed the Site from M1-4 to C2-8 and was undertaken to facilitate residential development at 221-239 East 94th Street.

Investment Highlights

  • Substantial Lot Footprint (approx. 205’ x 101’)
  • 247,189 SF Residential ZFA
  • 2024 Rezoning Completed
  • MIH – Option 2
  • 485-x Tax Incentive Opportunity
  • Multiple Development Configurations
  • Potential Ultra Low Energy Building Benefit (appox 11,575 SF of additonal resi area)
  • Transit-Oriented Location
  • Established Yorkville Location
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221 E 94th StNew York, NY 10128

Sales Team

Brandon PolakoffPrincipal, Head of NYC Investment Sales212.230.5998brandon.polakoff@avisonyoung.com
James NelsonPrincipal, Head of U.S. Investment Sales212.729.6585james.nelson@avisonyoung.com
Erik EdeenPrincipal, Senior Director of U.S. Investment Sales212.729.7402erik.edeen@avisonyoung.com
Scott SingerPrincipal, Co-Lead of NYC Debt & Equity Finance212.735.8555scott.singer@avisonyoung.com
Kevin SwartzExecutive Director212.729.7140kevin.swartz@avisonyoung.com
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