702 44th Street, NY
52,000 SF Residential Redevelopment Opportunity
Overview
Key Highlights
- Price $9,950,000
- Zoning R7A/R6B
- Stories 6
- Gross SF 52,000
• 6-story, 52,000 SF residential redevelopment opportunity on the southeast corner of 7th Avenue and 44th Street
• Vacant since a 2019 fire, the structure was formerly made up of 54 residential units totaling 46,997 net SF and had condo sellouts north of $900/SF
• As-of-right BSF of 38,565, however because there is a structure in place, developers have the opportunity to redevelop the 52,000 existing SF
• In the heart of Sunset Park, directly across from the park and across the street from P.S. 169. One block from the prime retail corridor on 8th Avenue
• The 36th Street N/R train station & the 9th Ave D train station are both 0.5 miles away and provide access to Manhattan in under 30 minutes
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