The Site can accommodate up to approximately 54,000 zonable square feet comprised of first floor commercial, as well as residential use. Zoning allows for additional density utilizing the inclusionary housing program which can be coupled with the new Affordable New York program providing substantial tax savings over a 35-year period. The East Village is one of the city’s most coveted downtown locations, and is at the crossroads of numerous transportation, entertainment and dining options. Located in one of the most desirable opportunity zones in the country, 304 East 4th Street presents a rare opportunity to build a boutique rental building on a prominent corner in a highly sought-after East Village location.
Holliday Fenogolio Fowler (HFF L.P.) has been exclusively retained to arrange the leasehold interest in 304 East 4th Street the (“Development” or “Site”) a 102’ x 120’, boutique corner residential development site located in the East Village neighborhood of Manhattan. The Site is located within an opportunity zone, a rarity for Manhattan, with only 15 qualified blocks in the entire East Village. The Development is at the confluence of numerous institutional development projects and will be the beneficiary of a robust rental market that continues to experience strong rent growth. The transformative Essex Crossing development site is located less than a 15-minute walk from the Site.