81-653 - Special permit for transfer of development rights from landmarks to non-qualifying
sites

LAST AMENDED
12/5/2024


For #non-qualifying sites#, the City Planning Commission may permit the transfer of development rights from a #granting lot# to a
#receiving lot#, pursuant to the provisions of Section 81-213 (Special provisions for transfer of development rights from landmark sites in
certain areas), provided that:

(a)    the maximum amount of #floor area# that may be transferred from a #granting lot# shall be the applicable basic maximum #floor
       area# set forth in Section 81-65 (Special Floor Area Provisions for All Non-qualifying Sites), less the total #floor area# of all existing
       #buildings# on the landmark #zoning lot#, and any previously transferred #floor area#. In no event shall a #granting lot# transfer
       any previously granted bonus #floor area# received for subway station improvements, #publicly accessible open areas# or the
       provision of district improvements pursuant to the provisions of this Chapter, or any preceding regulations;

(b)    for each #receiving lot#, the increased #floor area# allowed by the transfer of development rights pursuant to this Section shall not
       exceed the amount resulting in the maximum #floor area ratio# set forth in Row F of the table in Section 81-65; and

(c)    each transfer, once completed, shall irrevocably reduce the amount of #floor area# that may be #developed# or #enlarged# on the
       #granting lot# by the amount of #floor area# transferred.