SHOVEL-READY DEVELOPMENT SITE MANHATTAN



Description:

103 East 29th Street is a rare development opportunity in the rapidly appreciating Nomad submarket. The 45-foot wide property is located just east of Park Avenue South along the north side of East 29th Street and can be developed as a boutique residential condominium building measuring up to 45,778 buildable square feet or as a commercial building with up to 43,125 buildable square feet.

Because of the 45ft width of the property, 103 East 29th Street is also perfectly positioned for educational use.

For investors and developers wishing to participate in the appreciation story of one of Manhattan’s most rapidly evolving neighborhoods, 103 East 29th Street provides the ideal investment vehicle. Its flexible zoning of C6 makes the site ideal for a wide range of uses with a relatively modest outlay of capital and without the often lengthy approval process to demolish an existing structure:

This site is being offered shovel ready at closing!

Desirable NOMAD Location!:

Site is located near three subway stations (one right across the street), five parts (including Madison Square Park, Gramercy Park and Union Square) and Grand Central Station.

Flexible Zoning Allows for a Wide Range of Uses:

Residential, commercial, health care or educational.

Attractive Price:

Mid-sized project, Ideal opportunity to take advantage of the substantial appreciation of the Nomad submarket.

103 East 29th Street


Price: $26,500,000
Murray Hill
Development/Conversion Sites


7 PEOPLE ARE LOOKING AT THIS PROPERTY AT THE MOMENT

Thomas Guss
212.360.7000 ext. 103
212-365-4751

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.