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617-621 Second Ave 0.1 Acres of Residential Land Offered at $29,511,300 CAD in New York, NY 10016
Investment Highlights
- 43,190± residential ZFA for market rate and 51,836± residential ZFA for UAP
- Inclusionary housing certificates available to purchase separately
- 100% free market tenancy and retail demolition clauses offer covered land strategy
- C1-9A zoning district, which has an R10A equivalent
- Not subject to Historic District or Landmark Designation
- Will benefit from Phase 3 of the 2nd Avenue Subway project
Executive Summary
Data Room Click Here to Access
Property Facts
| Price | $29,511,300 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.10 AC |
| No. Lots | 1 | ||
| Zoning | C1-9A | ||
| Price | $29,511,300 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.10 AC |
| Zoning | C1-9A |
1 Lot Available
Lot 1
| Price | $29,511,300 CAD | Lot Size | 0.10 AC |
| Price Per AC | $297,570,940.41 CAD |
| Price | $29,511,300 CAD |
| Price Per AC | $297,570,940.41 CAD |
| Lot Size | 0.10 AC |
Free market corner development site at 617-621 Second Avenue in the Murray Hill neighborhood of Manhattan.
Description
The property at 617–621 Second Avenue occupies a prominent corner at East 34th Street in Manhattan’s Murray Hill neighborhood. With approximately 132 feet of combined frontage—70± feet on East 34th Street and 62± feet on Second Avenue—the site provides strong visibility and accessibility. It is zoned C1-9A, equivalent to R10A, supporting a range of redevelopment options including residential, mixed-use, or retail components. Developers can utilize 43,190± square feet of residential ZFA for market-rate units or increase capacity to 51,836± ZFA with inclusionary housing provisions. The site benefits from 100% free market tenancy and retail demolition clauses, creating a flexible and advantageous redevelopment position. Located adjacent to NYU Langone and SPARC Kips Bay, the property is well-connected by M34/M34A bus routes and NYC Ferry service. The future Phase 3 extension of the Second Avenue Subway further enhances long-term accessibility and value.
Property Taxes
| Parcel Number | 0914-0035 | Improvements Assessment | $723,322 CAD |
| Land Assessment | $335,796 CAD | Total Assessment | $1,059,118 CAD |
Property Taxes
Contacts
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James Nelson -
Ryan McGuirl -
Charles Kingsley -
Alexandra Marolda -
Noah Kossoff -
Avison Young
Presented by
617-621 Second Ave
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