A 2,470-square-foot corner lot in West Chelsea is quietly up for grabs, offering developers an unusually large buildable yield under the city's new zoning rules. The cleared, construction-ready parcel sits steps from the High Line and close to Hudson Yards, making it a compact but potent play for a builder looking to move fast.
Brokerage Takes An Exclusive Mandate
BKREA has been exclusively retained to arrange the sale of 327 Tenth Avenue, at the southwest corner of West 29th Street and Tenth Avenue in Manhattan’s West Chelsea. The listing is being handled by a BKREA team that includes Bob Knakal, Jas Saini, Ryan Candel and Nick Tuleu.
Small Footprint, Ready To Build
The parcel measures roughly 24.67 feet by 100 feet, for about 2,470 square feet, and has already been fully demolished, leaving a blank lot ready for construction. That configuration and demolition status appear in public marketing materials and property databases, which show the site being offered with detailed build metrics for prospective developers. PropertyShark lists the property and its dimensions.
Zoning, FAR And Potential Square Footage
The site is zoned C6-4, an R10 equivalent, and under the City's "City of Yes" zoning changes and the Universal Affordability Preference (UAP) can qualify for an as-of-right residential floor area ratio of 10.0, or roughly 24,700 zoning square feet on the 2,470-square-foot footprint. Additional density bonuses tied to UAP and inclusionary housing could increase the site's maximum buildable area to about 29,640 zoning floor area, according to Markets Insider.
Zoning Context
The C6-4 mapping and special West Chelsea controls date back to the city's rezoning for the neighborhood, which established bulk rules and bonuses to guide development along Tenth Avenue and protect the Chelsea Historic District, according to the NYC Department of City Planning's West Chelsea FEIS. Those rules form the framework within which UAP and other bonuses are being applied to small redevelopment parcels like this one, with the effect of making compact lots far more valuable than their footprints suggest.
Location And Transit Access
Beyond the zoning story, the parcel's location is a major part of the pitch. Listing materials place it steps from the High Line and near Hudson Yards, with quick access to shopping, dining and office destinations. Public listings put the site at roughly an eight-minute walk to both 34th Street–Hudson Yards and Penn Station, underscoring its transit connectivity for future residents, per PropertyShark.
Why Developers Might Pay Up
BKREA's brokers argue that the lot's corner configuration and three-sided exposure translate into better light, air and unit layouts, and that its demolition status shortens the path to delivery. "The opportunity at 327 Tenth Avenue represents the type of boutique development site that is becoming increasingly difficult to find in Manhattan," Jas Saini said in a press release via Markets Insider, while Ryan Candel described the site's exposure as providing "exceptional light and air."
What BKREA Is Offering
BKREA is also separately marketing the UAP certificates associated with the opportunity and notes that pricing and the offering memorandum are available upon request. Interested buyers can find contact details and the full marketing packet on BKREA.
