1627 Second Avenue
1627 Second Avenue is a mixed-use development opportunity on Manhattan's Upper East Side, offered for sale by exclusive arrangement. The 2,422 SF irregular lot, with approximately 25 feet of Second Avenue frontage between East 84th and 85th Streets, is currently improved with a four-story mixed-use building totaling 6,864 SF. Zoned C1-9 (equivalent to R10), the site permits an as-of-right 10.0 FAR for residential or community facility use, allowing approximately 24,220 ZFA, including up to 4,844 SF of commercial ZFA. Residential density can be increased to 12.0 FAR, or approximately 29,064 ZFA, through Residential UAP (formerly Inclusionary Housing Air Rights), which may be satisfied on-site or off-site and is not included in the sale.
The property sits on one of the Upper East Side's most heavily trafficked retail corridors, surrounded by premier residential buildings, shops, restaurants, and neighborhood amenities. Strong Second Avenue visibility and accessibility position the asset well for a boutique residential or mixed-use redevelopment in a high-demand, supply-constrained Manhattan market. The location offers convenient access to prestigious schools, parks, dining, and retail.
- As-of-right 10.0 FAR zoning; potential 12.0 FAR with Residential UAP
- Approximately 24,220 ZFA as-of-right; up to 29,064 ZFA with density bonus
- Prime Second Avenue frontage in established Upper East Side neighborhood
- Four-story mixed-use building on 2,422 SF lot
- Flexible zoning for residential, community facility, or mixed-use redevelopment
Location
BKREA has been exclusively retained to arrange the sale of 1627 Second Avenue, an exceptional development opportunity in Manhattan’s highly desirable Upper East Side. Located on the west side of Second Avenue between East 84th and East 85th Streets, the property benefits from strong visibility, accessibility, and retail exposure along a heavily trafficked corridor surrounded by premier residential buildings, shops, restaurants, and neighborhood amenities. The approximately 2,422-square-foot irregular lot features roughly 25 feet of frontage on Second Avenue and is currently improved with a four-story mixed-use building. Zoned C1-9, equivalent to R10, the site permits an as-of-right 10.0 FAR for residential or community facility use and up to 2.0 FAR for commercial use, allowing approximately 24,220 ZFA, including up to 4,844 square feet of commercial ZFA. Residential density can potentially be increased to 12.0 FAR, or approximately 29,064 ZFA, through Residential UAP, which may be satisfied on-site or through off-site UAP, formerly known as Inclusionary Housing Air Rights, and is not included in the sale. Situated in one of New York City’s most established residential neighborhoods, the property offers convenient access to prestigious schools, parks, dining, retail, and other amenities. With its strong Second Avenue frontage, flexible zoning, and additional density potential, 1627 Second Avenue presents an attractive opportunity for developers seeking a boutique residential or mixed-use project in a high-demand, supply-constrained Manhattan market.