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by bobthepanda
1876 days ago
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When I say "as of right" I mean that all you need is ownership of the lot in question. The Empire State Building was built only with ownership of the lot it was built on and the owner was legally allowed to build as tall as they want. Nearly all tall buildings in New York these days are legally built through assembling "air rights." Zoning has predetermined height/FAR limits for all lots, but in certain areas it is possible to sell currently unused rights and transfer them to the owner of another lot. This allows some developers to build taller but keeps overall neighborhood square footage around a prescribed limit. This way, you can build a spiky tower or two here and there on Billionaire's Row (the general name for the area) but the street cannot become a wall of them. More info on air rights: https://streeteasy.com/blog/what-are-nyc-air-rights-all-abou... |
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