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501-505 Madison Avenue is placed within the Midtown neighborhood of the New York City borough of Manhattan. It is part of Manhattan Community District 5, and inside the 10022 zip code barriers. The geographic coordinate vicinity of 503-505 Madison Avenue is latitude 40.7592094004428, longitude -73.9742491621104.
According to New York City property statistics, the improvement includes 164,722 rectangular ft of gross building region, became firstly built in 1929, and finally altered in 2013. The constructing contains one industrial unit spanning 164,722 square ft of constructing vicinity. The property is zoned C5-3, which allows residential and industrial development, with residential improvement to a max FAR of 10.00, which equates to 75,310 square toes of residential development rights; and industrial improvement to a max FAR of 15.00, which equates to 112,965 rectangular ft of business development rights.
Therefore, the assets can be advanced to a most FAR of 15.00 or 112,965 rectangular toes of zoning place. In addition, the website can be developed to the most community facility FAR of 15.00, which equates to 112,965 square ft of zoning place. The assets are likewise in the MID Special Purpose District.
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