617-621 Second Ave
New York, NY 10016 Kips Bay

The property at 617–621 Second Avenue occupies a prominent corner at East 34th Street in Manhattan’s Murray Hill neighborhood. With approximately 132 feet of combined frontage—70± feet on East 34th Street and 62± feet on Second Avenue—the site provides strong visibility and accessibility. It is zoned C1-9A, equivalent to R10A, supporting a range of redevelopment options including residential, mixed-use, or retail components. Developers can utilize 43,190± square feet of residential ZFA for market-rate units or increase capacity to 51,836± ZFA with inclusionary housing provisions. The site benefits from 100% free market tenancy and retail demolition clauses, creating a flexible and advantageous redevelopment position. Located adjacent to NYU Langone and SPARC Kips Bay, the property is well-connected by M34/M34A bus routes and NYC Ferry service. The future Phase 3 extension of the Second Avenue Subway further enhances long-term accessibility and value.