The Gindi family, who founded the iconic New York discount department store, have listed the lot and a collection of nearby buildings for sale, as was first reported by Crain's.
The site could be one of the first to benefit from the state's 485-x 'Affordable Neighborhoods for New Yorkers' law, the new tax exemption program that replaced 421-a, and the city's pending 'City of Yes' proposal, per JLL, which would reduce developer costs and ensure more affordable housing is included in the project.
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