Land

1481-1489 Second Avenue

1481-1489 2nd Ave New York, New York United States 10075-2001
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1930
Building Area Gross
Land Area Gross ()

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to sell the fee simple interest in an exceptional development opportunity located in the Upper East Side at 1481- 1489 Second Avenue (the “Property” or “Site”). The Property features an L-shaped development footprint totaling approximately 10,655 square feet with roughly 77’ along Second Avenue and 50’ along East 77th Street. The expansive site permits an extremely efficient layout featuring valuable retail along the avenue and a separate, private entrance for the residential tower along the side street.

Investment Highlights

This development opportunity features approximately 153,734 zoning floor area (“ZFA”) as-of-right that can be increased by approximately 34,100 ZFA through the inclusionary housing bonus program for a total development potential of up to 187,834 ZFA. The Site also benefits from a light & air easement above the low-rise corner building that provides the ability to construct an efficient building.

Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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