The Real Deal New York

Elegant EV townhouse faces wrecking ball

Massey Knakal is marketing the building as a development site
July 19, 2014 01:00PM

 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