Tag Archives: New York City air rights transactions

What Are Air Rights Worth in NYC’s Hudson Yards? How About $265MM?

hudson yards photo

Over the years the Hallmark Abstract Service blog has occasionally dabbled around the periphery of an extremely complex and somewhat misunderstood segment of New York City real estate…Air Rights!  Transferable development rights, TDRs or air rights, allow for the transfer of unused development rights to another development site. The transfer of these air rights allows buildings to […]