Jan. 23, 2015 By Michael Florio
A giant size parcel in the heart of Court Square has gone on the market with an asking price of $41.5 million.
The parcel represents an amalgam of seven properties located across the street from the Citigroup Tower.
The parcel is being marketed as “The Court Square Assemblage,” since six adjoining landlords are collectively selling their townhouse buildings.
The property is being marketed in tandem by the Corcoran Group and Modern Spaces.
The “Court Square Assemblage” is 11,145 square feet, according to a Modern Spaces. With zoning, a developer has 167,000 square feet of build able area.
The parcel is zoned for office, retail and mixed use development, according to Modern Spaces.
The portfolio of properties has only been on the market for three days. The buildings are located at 23-10 45th Ave.; 45-03 23rd Street; 45-05 23rd Street; 47-03 23rd Street; 23-14 45th Ave.; and 23-16 45th Avenue.
The sites are near CUNY Law School and are in an area where more than 10,000 new and in-development luxury housing units are located.
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