246 East 58th Street Air Rights

The Paul Rudolph Institute for Modern Architecture is offering to sell roughly 10,642 SF of unused air rights for about $118 PBSF, ROUGHLY ¼ OF THEIR APPRAISED VALUE! The property was recently designated as an individual landmark, affording additional options for air-rights transfer. The air rights are contiguous with other properties already assembled on the northeast corner of 57th Street and Second Avenue.