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411-415 Second Avenue, New York, NY 10010

411-415 Second Avenue, New York, New York, 10010, New York, NY 10010

  • For Sale $30,000,000
  • City New York
  • Neighborhood Kips Bay
  • Zip Code 10010
  • Market Manhattan
  • Property Type Unassigned
  • Property Size 25,259 Sqft
  • Lot Size 0.16 Acre
  • Building Class C1
  • Date Updated 13 Apr, 2021
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of an exceptional mixed-use
development opportunity located at 411-415 Second Avenue in the coveted Gramercy neighborhood of Manhattan. The
site is conveniently situated on the southwest corner of Second Avenue and East 24th Street providing tremendous
light and air to the units within. With a total of approximately 171’ of wraparound frontage, retailers benefit from
excellent visibility and an abundance of foot-traffic on two of the neighborhood’s most desirable co rr idors while
residents can enjoy the privacy of a side street entrance.

411-415 Second Avenue is fully located within the C1-8A zoning district with an R9A equivalency. This zoning permits
7.5 FAR as of right which equates to approximately 53,923 buildable square feet for the site. Due to the fact that the
site is not hindered by historic district or landmark regulations, the existing structure could be completely razed for
the creation of a unique ground up development project.

In its present state 411-415 Second Avenue is a 5-story, 25,259± SF residential co-op with 36 residential units, street
level retail, and 26 shareholders. Shareholders holding a controlling, super-majority of shares (more than 75%) have
signed an agreement to market and sell the corporation’s issued shares and leases. About half of the units are currently
owner occupied and may b
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Contacts

John Ciraulo

Cushman & Wakefield

(212) 660-7700

Craig Waggner

Cushman & Wakefield

(212) 660-7744

Michael Kavanagh

Cushman & Wakefield

(212) 660-7765

Faq

What is the total square footage of 411-415 Second Avenue, New York, NY 10010?

411-415 Second Avenue, New York, NY 10010 totals 25,259 square feet.

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