253 East 61st St

253 E 61 is a 4-story single family house built in the late 19th century. The structure is 36' deep on a 19.5' x 82.42' lot with a 2-story extension and approximately 3,100 square feet above ground plus a 700 square foot cellar. Located in a C2-8 zoning district, the lot has 1,386 square feet and is buildable to 13,860 square feet, based on an FAR of 10 for both residential and community facility use. The FAR for commercial use is 2. Permissible uses within the zoning district include residential, commercial, mixed use, government and community facility (medical, educational, religious, etc.). Height and setback rules permit a residential structure with up to 6 stories and approximately 6,000 square feet above grade or a community facility structure with up to 6 stories and approximately 7,400 square feet above grade. The asking price for this property including up to 7,500 square feet of air rights is $5,000,000 ($667 per square foot). The excess air rights of 6,360 square feet can be sold separately at a price to be negotiated.