34 Union Square East
New York, NY
Overview
Summary
- Asking Price $14,500,000
- Existing Building Free-Standing Retail
- Proposed Building Residential w/ Ground Floor Retail
- Lot Size 3,250 SF
Avison Young, as exclusive agent, is pleased to offer for sale 34 Union Square East (the “Site”), a 26-foot-wide by 125-foot-deep prime development site located on the southeast corner of East 16th St and Union Square East, directly facing Union Square Park. The site is currently improved by a 6,500 SF retail building, with 19,500 SF of available air rights for a total residential buildable area of approximately 26,500 SF.
This represents a rare opportunity to acquire one of the last remaining development sites along Union Square Park—a highly desirable neighborhood where luxury condominium sellouts consistently exceed $2,500 per SF.
Site Details
Proposed plans for a 10-story, 26,570 GSF above-grade mixed-use development
2,009 GSF of ground-floor retail space
24,561 GSF of residential space spanning floors 2 through 10
Corner site with 150 feet of wraparound frontage
Directly across the street from Union Square Park, offering unencumbered park views and exceptional light and air
Conveniently located on the southeast corner of E 16th Street and Union Square East
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