Premier Mixed-Use Development Opportunity in Heart of Manhattan’s Greenwich Village
$5,750,000
793 Broadway, New York, NY 10003
4,320 sqft
Existing Building Sq. Ft. (Est.)
2,083 sqft
Lot Area
Details:
Description:
Ariel Property Advisors presents 793 Broadway, a premier mixed-use development opportunity in the heart of Manhattan’s Greenwich Village.
Located between East 10th and East 11th Street is a 25’ wide parcel measuring approximately 2,083 square feet. The property is currently improved by a 2-story, 4,320 sq. ft. commercial structure that will be delivered vacant.
Dynamic Development Potential
• Residential Use Standard Resi, 3.44 FAR: Up to 7,166 ZFA Universal Affordability Preference (UAP), 5.01 FAR: Up to 10,436 ZFA
• Commercial Use, 6.0 FAR: Up to 12,498 ZFA
• Community Facility Use, 6.5 FAR: Up to 13,539 ZFA
With strong demand and limited supply frequently driving local condominium prices north of $2,500 per square foot, 793 Broadway represents an ideal boutique residential project.
Its central location among NYU’s Washington Sq. Park Campus, Cooper Union and Union Square generates exceptional foot traffic that enhances the appeal of potential retail or commercial components.
Developers or educational institutions could also utilize the community facility FAR to build a boutique dormitory for student housing.
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