As the city’s building boom continues, the market for available air rights is growing thin.
Most of the city’s prime areas have little or no available air rights, but pockets of possible high rise development still remain on the margins, according to a new map from PropertyShark.
Most of Manhattan, as well as the areas around Park Slope and Williamsburg, is marked some shade of purple on the map, indicating “Very Little Opportunity,” or under about 60,000 square feet of free development rights.
But there are still pockets of potential. There are over 250,000 square feet of air rights available at the very edge of the Hudson River on the Lower East side. A few sites on the Greenpoint water front, and pockets of Downtown Brooklyn and in Bedford Stuyvesant also have opportunities available.
The contiguous space with the most available rights though, is Roosevelt Island, nearly all of which is made up of parcels with 250,000 square feet or above.