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The subject properties consist of four adjacent lots improved with leased industrial buildings. All of the leases are subject to a termination clause positioning this site as an ideal development opportunity. The assemblage is located within the Large-Scale Plan (Subdistrict A4) of the Special Hudson Yards Zoning District. Sites within this area are zoned for dense commercial and limited residential uses. Flexible height and setback requirements accommodate large floor-plate office buildings and allow for creative design. According to the revised zoning text, development incentives for this area include the potential to purchase up to 8.0x FAR from the City’s District Improvement Fund or from private property owners within Phase II Area. Additionally, 3.6x FAR may be purchased through the Eastern Rail Yards transfer program in private market transactions with the controller of the ERY site.

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Neighborhoods: Hudson Yards