The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. February 16, 2015 5:15 AM
515 EAST 86TH STREET, NEW YORK, NY 10028 22,150 Buildable Sq. Ft. Upper East Side Development Site, Delivered Vacant | FOR SALE
22,150
22'
Buildable SF
Upper East Side
Lot Width
Location
PROPERTY INFORMATION Address
515 East 86th Street, New York, NY 10028
Location
The subject property is located on the north side of East 86th Street between York Avenue and East End Avenue
Block / Lot
1583 / 8
Lot Dimensions
22' x 100.67'
Lot Size
2,215
Zoning
R10A
FAR
10.00
Buildable Area
22,150
Sq. Ft. (Approx.)
Existing Footage
6,060
Sq. Ft. (Approx.)
Air Rights
16,090
Sq. Ft. (Approx.)
Assessment (14/15)
$542,768
Taxes (14/15)
$71,347
Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS Ariel Property Advisors presents 515 East 86th Street, a 22’ Wide development site located on the north side of East 86th
Street betweenPARK York Avenue and East End Avenue. The four-story building that currently occupies the lot is a 6,060 CENTRAL square foot, renovated four family, with one triplex and three additional units, which will be delivered vacant. Zoned R10A NORTH (10.0 FAR), the property permits approximately 22,150 buildable square feet (As-of-right) for a rental or condoHARLEM 4
3
3
4
106 minium development. New development will benefit from unobstructed views, from above the sixth story level, of the MEER E 106 ST E 106 ST LASKER East River and the Manhattan skyline to the North and South. 106 RINK
E 105 ST
MUSEO DEL
FDR DRIVE
E 104 ST Street, the site stands to benefit tremenBARRIO Situated just two avenue blocks from the corner of Second Avenue and 86th 6 MUSEUOofOFthe THESecond Avenue Subway. The area is currently served by the 4,5,6 Train on Lexington B C from the future arrival W 103 STdously 103 ST CITY OF NEW YORK 1 3 103 ST Avenue, the East 90th Street Ferry, and the nearby FDR Drive. Local landmarks and institutions include the Carl Schurz E 102 ST 4 106 101 102 1 3 Conservatory. Park, Asphalt Green, and the Gracie Mansion Residents are able to take advantage of nearby shopping 103 98 10 4 106 NORT and recreational activities at The Fairway Market and 92nd Street Y. The area is also distinguished by its abundance of E 100 ST W 100 ST MEADOW prestigious schools such as The Brearley School, The Chapin School, and The Dalton School
ROB
ERT
F. K
ENN
EDY
BRID
GE M60 LaGuardia Airport
5 AV
11
60
101 102
CENTRAL PARK
6
E 92 ST
1 AV E 86 ST
BELVEDERE CASTLE NATURE CENTRE
HAYDEN LANETARIUM AMERICAN MUSEUM OF NATURAL HISTORY
E 83 ST
E 83 ST
METROPOLITAN MUSEUM OF ART 1 3
East 86th Street
Asking Price: $12,500,000 79
5 AV
79
E 79 ST
UPPER EAST Randy ModellSIDE
79
101 102
E 77 ST
6 For77 STMore Information Please
NEW-YORK HISTORICAL SOCIETY LAKEVictor Sozio
WHITNEY MUSEUM
103 98
212.544.9500 x.12
212.544.9500 x.17
[email protected] [email protected] FRICK COLLECTION
E 72 ST
1
4
101 102
3
ASIA SOCIETY
68 St Hunter College
103 98
3 AV
B C
1583
E 80 ST
4
E 79 ST
11
8
E 84 ST
E 75 ST
JOHN JAY Contact PARK Our 31
Shimon Shkury
Howard Raber, Esq.
212.544.9500 x.11
72
E 72 ST
[email protected] E 71 ST 72
E 70 ST
Q
102
ROOSEVELT Exclusive Sales Agents QUEENS ISLAND 212.544.9500Q102 x.23 to Astoria Q
102
27 Av - 2St
[email protected] MAIN ST
B C
YORKVILLE
CARL SCHURZ PARK
Jesse Deutch 212.544.9500 x.18
[email protected] HUNTER COLLEGE
E 68 ST
66
FDR DRIVE
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com 6 10
Q
East End Avenue
86
EAST END AV
79
York Avenue
86 ST
4 5 6
YORK AV
81 St - Museum of Natural History
86
GRACIE Subject Property MANSION
Henderson Place
East 87th Street
B C 86 ST
GREAT LAWN
E 91 ST
E 89 ST
86
W 86 ST
31 86
2 AV
PARK AV
CENTRAL PARK WEST
86
COOPER-HEWITT MUSEUM NATIONAL ACADEMY MUSEUM GUGGENHEIM MUSEUM
MADISON AV
E 94 ST
JEWISH MUSEUM RESERVOIR
TAX MAP
96 ST
3 AV
B C 96 ST
LOCATION MAP
LEXINGTON AV
W 96 ST
With its easy access to transportation, close proximity to a strong 103 98 retail corridor and the imminent arrival of the Second 96 106 96 E 97 ST Avenue Subway, 515 East 86th Street presents investors with a prime condominium or rental development opportunity 96 ST in an established but rapidly expanding section of the Upper East Side. 96 E E 96 ST
LEXINGTON AV
W 97 ST