Elegant EV townhouse faces wrecking ball

Massey Knakal is marketing the building as a development site

TRD New York /
Jul.July 19, 2014 01:00 PM

 The East Village has seen a lot of new development in recent years, from boutique hotels to glassy apartment buildings. And now Massey Knakal is hoping to cash in on the neighborhood’s development boom with a new listing.

Massey Knakal is marketing a four-story townhouse at 253 East Seventh Street, Between Avenue C and Avenue D — an block once known as “Political Row” because of the number of 19th-century politicians who called it home — as a potential development site, according to EV Grieve.

The building is currently vacant and features a garden and parlor floor. According to the listing the zoning allows for a total buildable square footage of approximately 9,312 square feet on the site.

“The existing building is approximately 3,860 square feet with an additional 5,451 square feet of available air-rights. Therefore, the buyer could keep the existing structure and add floor area. Alternatively, the buyer could demolish the existing and structure and build a new ground-up development,” according to the listing, which is asking $4.25 million. [EV Grieve]Christopher Cameron


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
(iStock)

Real estate stocks rally on strong May jobs report

Real estate stocks rally on strong May jobs report
As widespread protests sweep the country, the real estate industry reflects on its decades-long support of the NYPD (Photo illustration by Alexis Manrodt for The Real Deal, Getty, iStock)

As Black Lives Matter protests rage on, NY real estate bleeds blue

As Black Lives Matter protests rage on, NY real estate bleeds blue
Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider (Getty and iStock)

Judge says Realogy’s suit against Compass can stand

Judge says Realogy’s suit against Compass can stand
Opportunity Zone investors received an extension from federal government because of Covid-19

Opportunity Zones investors get a Covid-19 lifeline

Opportunity Zones investors get a Covid-19 lifeline
Neiman Marcus at Hudson Yards (Getty, iStock)

Related marketing Neiman’s Hudson Yards store as office

Related marketing Neiman’s Hudson Yards store as office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...