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East Village residential rental development opportunity, with foundation already in place. The foundation was poured prior to the June 2008 421-a deadline, enabling the full property tax exemption benefits. This site has plans for a six story (plus cellar and roof), 12 unit, rental building, w/ a total of 12,952 gross SF (10,741 SF above grade, 2,211 SF below grade). A Condo plan is also available. Another option is to file an “alt plan”and develop the property to custom specifications while still maintaining the 421-a tax benefits.

This is a unique project for a developer or user and is ready to go. Priced at $178 per gross buildable square foot, this is an opportunity not to be missed.

Click here for listing details.

Neighborhoods: East Village