253 East 7 Street   Unit HOUSE

> The subject property is a 4-story vacant townhouse located on the north side of East 7th Street, between Avenues C & D.> There are 4 floor-through units including a garden and parlor floor.> The building is in an R8B zone with a residential FAR of 4.0 which would allow for a total buildable square footage of approximately 9,312 SF.> The existing building is approximately 3,860 SF with an additional 5,451 SF 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.