213 PARK AVE S

A 5-story plus mezzanine and cellar, approximately 10,580-square-foot mixed-use property with an elevator. The property consists of a 2-story plus full cellar retail space on the ground floor occupied by Fraiche Maxx deli plus 4 full floor loft-style apartments above. The Property lies in the Union Square Special Purpose District within the C6-4A/R8B zoning district. The 25-foot rule applies to an existing zoning lot split between two or more zoning districts that permit different uses or have different bulk rules. When the width of one district measures 25-feet or less at every point, the use and bulk regulations of the larger district can be applied to the entire zoning lot. Additionally, the site is eligible to purchase inclusionary air rights and will qualify for the Inclusionary Housing Bonus bringing the FAR from 8.0 to 9.6, resulting in a maximum buildable of 28,152 SF of ZFA. As-of-right there are approximately 12,880 SF of unused air rights. The property is located just off Union Square next door to the W Hotel. Prominent zoning attorney's opinion is that additional floors could be added to equal the height of the taller of two abutting buildings. Also Notes that any windows on either abutting building can be made to be sealed along the way up on additional floors