Douglas Elliman has been exclusively retained through Douglas Elliman Commercial LLC to sell 52 West 28th Street on the south side of 28th Street between 5th and 6th Avenues. This four story mixed use building has three units and one storefront unit. This property is a great opportunity for an investor to maximize the 6,090 SF of unused FAR available. This property is located in the up and coming NoMad neighborhood, a hotbed of luxury condo buildings. The buyer has many options on how to maximize the investment asset.
Allowed usable floor area: 9,870 SF
Usable floor area as built: 3,780 SF
Unused FAR: 6,090 SF
The floor to area ration is the maximum number of square feet that can be built on a site relative to the square footage of the lot. Unused FAR indicates available air rights. The unused FAR is the allowed FAR minus the unused FAR.