Tuesday, June 11, 2013

More details on the sale of 644 E. 14th St.

We noted last Thursday that there is renewed interest in the southwest corner of East 14th Street and Avenue C. Avison Young is now exclusively marketing the former auto-parts store with a lot of development rights, as Billy Gray first reported at the Commercial Observer.

Here's are a few more details about the property and sale, via EVG reader J-Dough, who recently came across the flyer...



Per the listing:

Based on the applicable C1-5 and C2-5 overlay in an R7-2 zoning district, the Property is a suitable candidate for redevelopment as a multitude of uses including residential, community facility and retail including potential logical uses serving the neighborhood such as dry cleaners, specialty food, pet store, day care facilities, doctor offices and veterinary offices.

The Site can accommodate a developable area of up to 34,764 square feet for residential, 65,689 square feet for community facility and 20,212 square feet for retail with a maximum square footage dictated by the community facility zoning floor area. In addition, there are potentially 70,000 square feet of unutilized development rights from the properties directly to the west of the parcel that, with a zoning lot merger, can be incorporated into the site.

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

4 comments:

Anonymous said...

As a resident of the co-op next to this site, this part of the listing is particularly concerning to me - 'In addition, there are potentially 70,000 square feet of unutilized development rights from the properties directly to the west of the parcel that, with a zoning lot merger, can be incorporated into the site.'Interested if anyone is able to clarify that part of the listing.

Gojira said...

Oh, ya mean all the businesses that got pushed out of 14th between A and B can relocate to 14th and C when the next hideous glass and steel leviathan is jammed on to the corner? How swell for them.

rob said...

@ 9:35 -- I find the ads puzzling. The previous ad's buildable floor area was different from this ad's and both are different from the city's figures (65,637sf). So far as I can tell all the surrounding buildings are above the current zoning, so where are these air rights?

ShutUpHooker said...

I'm amazed NYU didn't snatch this up and put a 35 story student warehouse... or is a view of ConEd too gauche?