4560 Broadway
New York, New York
Building
Stats
- Property Type Land - Multifamily
- Size (Ac) 0.36
Overview
Avison Young, as exclusive agent, is pleased to offer for sale 4560 Broadway, a shovel-ready development site located at the entrance of the 67-acre Fort Tryon Park in Upper Manhattan (the “Site” or the “Property”). The 15,629 SF site will be delivered vacant, unimproved, and is currently operated as a parking lot. The Site’s unique shape offers 323 feet of wraparound frontage along Broadway and Nagle Avenue and will allow for an ultimate design with light and air on three sides. The sale includes 100% CDs from the award-winning architecture and design studio, Fogarty Finger.
Highlights
Shovel-ready corner lot with 323 feet of wraparound frontage facing Fort Tryon Park in Upper Manhattan
Approved plans include 86 Residential Units, 10,000± SF of retail space, 53 covered parking units, and over 9,000 SF of outdoor amenity space
A and 1 Train access to Midtown Manhattan in 20 minutes
In place certificate of completion provides NYS Brownfield tax credits of 18-20% of tangible development costs
“On The Park” premium for condo-sellouts and rental rates
The ability to deliver best-in-class luxury units ahead of competition in a location with strong buyer demand
Condos offer aspirational living at a comparatively affordable basis
FRESH program increases as-of-right ZFA in addition to a commercial real estate tax abatement, savings on mortgage recording tax, and sales tax waivers on qualified equipment
