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BK Real Estate Advisors (BKREA) has been exclusively retained to arrange the sale of 327 Tenth Avenue, a premier residential development opportunity located at the southwest corner of West 29th Street and Tenth Avenue in Manhattan's highly sought-after West Chelsea neighborhood.
Positioned steps from the High Line and minutes from Hudson Yards, the site offers developers a rare opportunity to acquire a fully demolished, construction-ready corner parcel in one of New York City's most active residential development corridors. The assignment is being led by Bob Knakal, Jas Saini, Ryan Candel, and Nick Tuleu of BKREA.
The property consists of approximately 2,470 square feet of land and occupies a prominent corner location at the intersection of West Chelsea and Hudson Yards. Opportunities to acquire vacant, development-ready sites of this scale in Manhattan have become increasingly scarce.
Because the property has already been fully demolished, a future developer can move directly toward construction, reducing carrying costs, shortening timelines, and eliminating demolition expenses.
Under New York City's recently enacted City of Yes zoning amendments, participation in the Universal Affordability Preference (UAP) program allows approximately 24,700 zoning square feet of residential development as-of-right. Additional affordability and density bonuses may increase total development potential to approximately 29,640 zoning square feet.
The site's corner configuration and three-sided exposure provide exceptional natural light, air, and view opportunities for future residential development, creating an attractive foundation for luxury housing.
Future residents would benefit from immediate access to Hudson Yards, the High Line, Hudson River Park, Chelsea Piers, world-renowned art galleries, luxury retail, restaurants, and major employment centers.
The property is within walking distance of both Penn Station and the 34th Street-Hudson Yards Station, while also providing direct access to the West Side Highway and Lincoln Tunnel.
Development sites that combine a prime Manhattan location, favorable zoning, construction readiness, and multiple pathways to increased density are increasingly difficult to find.
As residential demand continues to grow in West Chelsea and Hudson Yards, 327 Tenth Avenue offers developers a unique opportunity to deliver a boutique project in one of New York City's most dynamic neighborhoods. The combination of zoning flexibility, location quality, and immediate buildability positions the site as a compelling investment opportunity.
According to Jas Saini, Managing Director at BKREA:
"The opportunity at 327 Tenth Avenue represents the type of boutique development site that is becoming increasingly difficult to find in Manhattan."
The offering features:
The property is located at the southwest corner of West 29th Street and Tenth Avenue in Manhattan's West Chelsea neighborhood, adjacent to Hudson Yards and the High Line.
The property combines a prime corner location, construction-ready status, significant development potential, and proximity to some of New York City's strongest residential demand drivers.
Under current zoning regulations and City of Yes provisions, the site may support approximately 24,700 to 29,640 zoning square feet of residential development depending on affordability program participation.
The exclusive BKREA team includes Bob Knakal, Jas Saini, Ryan Candel, and Nick Tuleu.
The Universal Affordability Preference program allows developers to increase residential density by incorporating qualifying affordable housing components either on-site or through approved off-site mechanisms.
West Chelsea offers proximity to the High Line, Hudson Yards, luxury residential developments, major transportation hubs, cultural institutions, and some of Manhattan's strongest long-term residential demand fundamentals.
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