Unused FAR (floor area ratio) represents the legal right to build additional square footage on your lot. For non-landmarked properties in high-value neighborhoods, available air rights can add substantial value - particularly for developers who can build up or extend. Document your available FAR, zoning designation, and any landmark restrictions. If air rights have been sold or transferred, clarify this before pricing.
From the seller playbook: Selling a NYC Townhouse: Strategy, Pricing, and Unique Risks
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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