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Hudson Square MXD Site Comes Up for Sale

NEW YORK CITY—With air rights and inclusionary housing certificates having been purchased for the sizeable property, the expansive site could sell for $175 million.

By Rayna Katz | Updated on June 05, 2015

NEW YORK CITY—A residential development site at 100 Vandam St. has come on the market. Set to be marketed by Cushman & Wakefield, the asking price for the Hudson Square site is $175 million.

Located on the corner of Vandam and Greenwich Streets, the property is an iconic structure that could be improved upon to offer water views in the rezoned Hudson Square area. The site has approximately 64 feet of frontage on Greenwich Street and 150 feet on Vandam and the parcel runs approximately 111 feet deep.  Additional air rights and inclusionary housing certificates that have been assembled will bring the total buildable space or a mixed-use development to 187,221 square feet.  Alternatively, an entirely residential building up to 11.20 FAR could be developed.  Each design could reach approximately 290 feet on Greenwich Street, offering exceptional views. 

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