Quote:
Originally Posted by ChiND
Thanks. So they can build a roughly 1.5 m sf tower on the site of 405-417 Park? If so, that would be pretty tall considering how shallow the footprint is. In fact, its footprint seems shallower than 425 Park’s.
Presumably, they also can buy air rights too.
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Not sure where you grabbed that the 2 individual sites combined are 60,000 sqft (x25 is 1.5m) they are only 20,000 sqft combined, a tower built would only have a zoning floor area of 500,000sqft. The building would be smaller than 425 Park Ave, though it was built before the rezoning took affect it was still built with a FAR of 24. The lot area
is smaller by 10,000 sqft.
270 Park ave may have a lot area of 80,000sqft but its actual footprint at its widest point is ~64,000sqft, lot area and footprint arent always the same so they shouldnt be used interchangeably. Similarly this tower has a lot area of 53,000 but the footprint itself may not extend that full 53,000 sqft.