Massey Knakal Realty Services has been retained to sell a development site at 71 Fourth Avenue (aka 71 Park Avenue South) and 82 East 10th Street.
The property is located on the corner of Fourth Avenue and East 10th Street in Greenwich Village. The asking price is $24,000,000.
The site currently consists of two separate buildings sitting on an irregular lot. Both properties can be delivered vacant to allow for future development, but are also available for lease.
The site is zoned C6-2A and has a base FAR of 6.02, making it suitable for approximately 25,572 s/f as-of-right. Plans exist for a nine-story mixed-use building containing 22,507 s/f, with eight floor-through apartments and a bi-level retail space with double height ceilings.
The space has 48 ft. of frontage on Fourth Avenue and 111 ft. on East 10th.
Massey Knakal partner James P. Nelson — who is marketing the site with Mitchell Levine — said the continued strength of the residential and retail markets coupled with the lack of development sites for sale in the area make the offering a rare opportunity to acquire a corner development site in one of the city’s most coveted neighborhoods.