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East Harlem Dossier: Drunk on Air Rights

A funny thing, those air rights. So valuable, yet nothing more than just empty space. Let's say you're marketing a five-story building on First Avenue and 117th Street that has 44,000 square feet. You're selling it for a large sum of money?$15 million, for example?so you definitely want to mention the 31,500sf of unused air rights that are included in the deal. But how to sexy it up and show the limitless possibilities that await the buyer? Ah, yes: render a crown so crazy that even the Burger King would question your sanity. We always thought the Switch Building needed a crackhead younger sibling.
· Listing: 2269-2275 First Avenue [Eastern Consolidated]