Massey Knakal issued the following news release this morning:
A development site at 277 East 7th Street, located between Avenues C and D ... was sold in an all-cash transaction valued at $1,850,000. The vacant 22.25’ x 97.5’ lot benefits from a curb cut. Currently, the lot is used for ten parking spaces. With a zoning of R8-B and FAR 4.00 residential, the site contains approximately 7,461 buildable square feet. The sale price equates to approximately $248 per buildable square foot.
We noted that this parcel was for sale (asking: $1.95 million) back in February 2011. As reported here in December, there are plans in place to build a six-floor, six-unit apartment building (with presumably a garage of some kind).
The city OK'd those plans from Eisner Design LLC back on Feb. 13, according to city records. South Fork Partners LLC is listed as the owner.
Previously on EV Grieve:
The next sliver of space for development: The parking lot at 277 Seventh St.
Seventh Street parking lot destined to become 6-floor apartment building
A look at the dwindling number of East Village lots