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930 Third Ave
New York, NY Midtown East

$30,000,000 USD

Multifamily For Sale  •  36,720 SF

2 Properties View all

Property Details

• Property Type Multifamily
• Cap Rate 2.55 %

100 Transit Score

100 Walk Score

Highlights

Highly visible corner position at Third Avenue and East 56th Street within Midtown East.

Combined as-of-right development rights enable significant mixed-use or residential projects.

Universal Affordability Preference program allows additional density through FAR bonuses.

Strong surrounding market with major office towers, luxury condo developments, and retail components.

Existing rent roll offers stable interim cash flow during entitlement process.

Proximity to Grand Central Terminal and major transportation hubs, ensuring connectivity and convenience.

Property Flyers

Marketing Brochure/Flyer

Cap Rate:

2.55 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Grand Central (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road)	2 min	12 min	0.6 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	3 min	16 min	0.8 mi
Transit/Subway	Drive	Walk	Distance
Lexington Av/53 St (8 Avenue Local - MTA New York City Transit, Queens Blvd Local/6 Av Local - MTA New York City Transit)	1 min	3 min	0.2 mi
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
59 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Lexington Av/59 St (Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit)	1 min	5 min	0.3 mi
Manhattan Tram Station (Roosevelt Island Aerial Tramway - Roosevelt Island Tram)	2 min	6 min	0.3 mi
Airport	Drive	Walk	Distance
LaGuardia	14 min	-	6.7 mi
Newark Liberty International	23 min	-	15.5 mi
John F Kennedy International	26 min	-	16.5 mi