Showing posts with label 534 E. Fifth Street. Show all posts
Showing posts with label 534 E. Fifth Street. Show all posts

Wednesday, August 11, 2021

Empty 5th Street lot seeks $2.75 million

534 E. Fifth St., a sliver of a lot between Avenue A and Avenue B, is now on the market with a $2.75 million ask. 

According to the listing, the .04 acres is available "to develop a unique residential property in the heart of one of Manhattan's most dynamic live-work-play neighborhoods." 

And per the listing: "The subject property's R7B zoning provides for a 3.00 residential FAR, allowing a total of 5,577 buildable square feet, as-of-right, for a one-of-a-kind 1-2 family townhouse or condominium project." 

This lot has been vacant for years. The four-floor building adjacent to this lot was demolished in 2008 (see below!) to make way for the five-story luxury rental that stands here today.