34 Union Square East

New York, NY

View Offering Memorandum

Property Flyer

34 Union Square East Flyer

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

Team

James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485
Alexandra Marolda

Alexandra Marolda

Director
Avison Young - US - NY - New York
212 277 5558
Charles Kingsley

Charles Kingsley

Principal
Avison Young - US - NY - New York
917 312 0778
Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109