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Eastern’s Ezratty Marketing 100K+ SF of Midtown Air Rights
Eastern Consolidated is exclusively marketing for sale approximately 106,000 square feet of residential development rights that can be transferred within Midtown’s Community District 5. Developers may also use the air rights within a half-mile radius of the generating site at 42 W. 33rd St., a newly constructed 41-story residential tower.
“The excess development rights will likely be sold off in smaller amounts, but could be transferred in their entirety,” said Eastern’s Brian Ezratty, the exclusive agent for the offering. “The bonus square footage can be added to the base floor area of a potential receiving site, typically limited to a maximum of 20% of the base FAR for a residential development.”
Ezratty expects the air rights to be available for transfer as soon as the second quarter.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition

