4 E 30th St
New York, NY 10016
E 30th St Development Opportunity · Multifamily Property For Sale

BKREA has been exclusively retained to arrange the sale of 4-10 East 30th Street, a mixed-use development opportunity in Manhattan’s NoMad neighborhood.

Location Details:
Positioned on the south side of East 30th Street between Fifth and Madison Avenues.
Features an impressive 132.5 feet of frontage and a depth of 98.75 feet.
Current Site Composition:
Lot 81 and Lot 83: 5-story mixed-use buildings.
Lot 77: A parking garage with an existing curb cut, offering time and cost savings and vehicle accessibility.
All buildings will be delivered vacant.
Light & Air Advantage:
The adjacent low-rise landmarked church to the south allows for exceptional light and air on the lower south-facing floors — rare for mid-block sites.
Zoning & Development Potential:
Lot size: Approximately 13,084 square feet.
Zoning: C5-2 with R10 overlay.
As-of-right FAR: 10.0, equating to 130,840 ZFA.
Maximum FAR: 12.0 (157,008 ZFA) with offsite UAP air rights or through on-site affordable housing.
The recent City of Yes changes allow more flexibility in transferring landmark air rights, potentially increasing total buildable density.
Massing studies are available in the data room.
Neighborhood Highlights:
NoMad is one of Manhattan’s most desirable and fast-growing neighborhoods.
Surrounded by new luxury residential, hotel, and office developments.
Close proximity to Madison Square Park and major employment hubs.
Transit Accessibility:
A 5-minute walk to the R and W subway lines at 28th Street/Broadway.
A 5-minute walk to the 6 train at East 28th Street/Park Avenue.
Highlights
Flexible Zoning Opportunity: Due to the C5-2 zoning district, 4-10 East 30 Street is permitted to have residential, office, hotel, retail, and community facility uses. Additionally, the location makes any combination of these uses highly desirable.
Significant Frontage: The generous frontage of 132.5 feet on the south side of East 30 Street enables the creation of efficient floorplates
Ability to Utilize Offsite UAP Certificates: Due to the R10 overlay, a developer will have the opportunity to purchase offsite UAP Certificates. This benefits the development by allowing the developer to build additional market-rate residential floor area while also reducing their cost basis. BKREA is currently selling these air rights separately.
Curb Cut Access: Given the nature of the existing garage, there is already a curb cut in place, providing time and cost savings, as well as vehicle accessibility.
Vacant Possession: The site will be delivered allowing for immediate demolition.
Prime NoMad Location: NoMad offers immediate access to major employment centers and the finest residential amenities that New York City has to offer.
Convenient Accessibility: The site a 5-minute walk from the R & W at 28 Street & Broadway and 5-minute walk from 28 Street & Park Ave for the 6 train allowing connectivity throughout the city.
Potential for Additional Air Rights: City of Yes passing created tremendous flexibility with landmarks transferring their air rights. There are 4 landmark properties that could potentially transfer their air rights. For further details please reach out to us.
Phenomenal Light & Air: Directly behind the development site is a landmarked church, allowing significant light and air for a midblock site due to the low rise nature of the landmarked church to the south.