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UPPER EAST SIDE DEVELOPMENT SITE FOR SALE IDEAL FOR BOUTIQUE DEVELOPMENT

229 EAST 81ST STREET New York, NY 10028 BLOCK

1527

LOT

14

LOT SIZE

25.42’ x 102.17’

LOT AREA

2,597 SF

(approx.)

G RO S S S Q U A R E F O O TA G E

8,200 SF

(approx.)

S TO R I E S

4

ZONING

R8B

FA R

Residential 4.0/Community Facility 5.1 Residential

BUILDABLE SQUARE FEET

Comm. Fac.

10,388 (approx.)

13,245

E X I S T I N G G RO S S S Q U A R E F E E T

8,200

(approx.)

8,200

(approx.)

DEVELOPMENT RIGHTS REMAINING

2,188

(approx.)

5,045

(approx.)

( Su b j . t o S l i v e r L a w )

D E L I V E R E D VA C A N T

Yes

ASSESSMENT (14/15)

$340,845

TA X E S ( 1 4 / 1 5 )

$44,927

(approx.)

DESCRIPTION: Massey Knakal Realty Services has been retained on an exclusive basis to arrange the sale of a charming Upper East Side Cooperative located on the north side of East 81st Street between Second and Third Avenue. There are two buildings on the lot separated by a lovely garden area in the middle totaling approximately 8,200 square feet. The total buildable square footage for the lot is approximately 10,388 leaving you approximately 2,188 of development rights. The property will be delivered vacant and presents a unique development opportunity in the heart of one of New York’s most sought after residential neighborhoods that is conveniently within short walking distance to the 4,5, and 6 trains as well as the future Second Avenue

REDUCED ASKING PRICE:

Subway.

$8,700,000

For further information or inspection, please contact Exclusive Agents:

Thomas D. Gammino Jr. Esq. Senior Vice President [email protected]

212.696.2500 x7727

Brett Weisblum

Associate Director of Sales [email protected]

212.696.2500 x7784

Louis Marchetta

Associate [email protected]

212.696.2500 x5143

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 it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY  QUEENS STATEN ISLAND WESTCHESTER

UPPER EAST SIDE DEVELOPMENT SITE FOR SALE IDEAL FOR BOUTIQUE DEVELOPMENT

229 EAST 81ST STREET New York, NY 10028 SECOND AVENUE SUBWAY

PHASE 1

(Phase 1 completed 2016)

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For further information or inspection, please contact Exclusive Agents:

Thomas D. Gammino Jr. Esq. Senior Vice President [email protected]

212.696.2500 x7727

Brett Weisblum

Associate Director of Sales [email protected]

212.696.2500 x7784

Louis Marchetta

Associate [email protected]

212.696.2500 x5143

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 it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY  QUEENS STATEN ISLAND WESTCHESTER