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Rumblings & Bumblings Responses: Price of Gas Rising in Upper Chelsea, 'Affordable Housing' Slated for 51st

Answers to Tuesday's questions below. If you've got a better answer, another question, or a sweet, sweet digital photograph, drop a line to tips@curbed.com. Answers sanitized for your protection Thursday.

1) Chelsea: Commenter dfsavgny checks in with some hard data on the shuttered gas station at 34th and 10th. Calculators ready? Here goes: "[the property] was recently sold for $32M. It comprises 10,286 sf of land area and is zoned C6-4 in the HY (Hudson Yards) Special District. It has a base FAR of 10 for commercial use and 7.5 for residential. It can be developed to a max of 13 FAR (12 max for residential) through inclusionary housing bonuses and DIB (pay the Hudson Yards Dev Corp). No building permits filed as of yet. Talk is that it may be for a hotel. Property was reportedly not on the market. Sold for $311/FAR (10 FAR)."
2) Midtown East: The vacant white brick rental building on East 51st Street, east of Third Avenue, is about to be converted into for-sale residential. The property was sold earlier this month for $46 million, according to Real Estate Finance & Investment. Units will range from 450-800 sf. New developer Henry Justin envisions a building full of first-time buyers and college kids funded by the parents who love them. "In a funny way, it becomes affordable housing," Justin told REFI. Hilarious.
· Rumblings & Bumblings: Rumblings & Bumblings: Ghosts of Gas Stations Past, Mysteries of White Brick Apartment Buildings Present [Curbed]