27 east 79th street new york, ny - Massey Knakal
27 EAST 79TH STREET NEW YORK, NY Premiere Development Site
FOR SALE
~24,520 Buildable Square Feet between Fifth and Madison Avenue PROPERTY FEATURES
Cushman and Wakefield is pleased to announce that we have been retained on an exclusive basis to sell 27 East 79th Street, a premiere development opportunity for boutique condominiums, a hotel or a luxury townhouse just steps away from Central Park. The current elevatored property is approximately 9,624 square feet, contains gallery space on floors one and two, a floor through residential unit on floor three and a duplex apartment that occupies the entire fourth and fifth floor. It sits on a 24 x 102.17' lot, is located in a C5-1 zone (residential FAR 10.0), and will be delivered vacant. The site has approximately 24,520 buildable square feet as of right, and a protected southern exposure due to deed restrictions that limit the height of the properties located across the street. The property is not in a historic district, nor is it landmarked. 27 East 79th Street offers a developer or user a rare opportunity to obtain a site in one of the premiere luxury markets in the world. The surrounding area features flagship boutiques of the finest designers, over 100 world-class art galleries, exquisite restaurants and spas, and world renowned hotels and museums, including the Metropolitan Museum of Art and the Carlyle Hotel. BUILDING FEATURES
ASKING PRICE
$34,750,000
LOCATION
East 79th Street between Fifth and Madison Avenue
BLOCK / LOT
1491/14
LOT DIMENSIONS
24’ X 102.17’
LOT SF
2,452
ZONING
C5-1/MP
FAR
10.0
BSF (APPROX.)
24,520
EXISTING SF (APPROX.)
9,624
LANDMARK/HISTORIC DISTRICT
None
TAXES (15/16)
$70,338
FOR MORE INFORMATION, PLEASE CONTACT: Thomas Gammino Jr. Executive Vice President (212) 696 2500 x 7727 [email protected]
Brett Weisblum Associate Director (212) 696 2500 x 7784 [email protected]
Louis Marchetta Associate (212) 696 2500 x 5143 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
27 EAST 79TH STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
FOR MORE INFORMATION, PLEASE CONTACT: Thomas Gammino Jr. Executive Vice President (212) 696 2500 x 7727 [email protected]
Brett Weisblum Associate Director (212) 696 2500 x 7784 [email protected]
Louis Marchetta Associate (212) 696 2500 x 5143 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
FOR SALE
~24,520 Buildable Square Feet between Fifth and Madison Avenue PROPERTY FEATURES
Cushman and Wakefield is pleased to announce that we have been retained on an exclusive basis to sell 27 East 79th Street, a premiere development opportunity for boutique condominiums, a hotel or a luxury townhouse just steps away from Central Park. The current elevatored property is approximately 9,624 square feet, contains gallery space on floors one and two, a floor through residential unit on floor three and a duplex apartment that occupies the entire fourth and fifth floor. It sits on a 24 x 102.17' lot, is located in a C5-1 zone (residential FAR 10.0), and will be delivered vacant. The site has approximately 24,520 buildable square feet as of right, and a protected southern exposure due to deed restrictions that limit the height of the properties located across the street. The property is not in a historic district, nor is it landmarked. 27 East 79th Street offers a developer or user a rare opportunity to obtain a site in one of the premiere luxury markets in the world. The surrounding area features flagship boutiques of the finest designers, over 100 world-class art galleries, exquisite restaurants and spas, and world renowned hotels and museums, including the Metropolitan Museum of Art and the Carlyle Hotel. BUILDING FEATURES
ASKING PRICE
$34,750,000
LOCATION
East 79th Street between Fifth and Madison Avenue
BLOCK / LOT
1491/14
LOT DIMENSIONS
24’ X 102.17’
LOT SF
2,452
ZONING
C5-1/MP
FAR
10.0
BSF (APPROX.)
24,520
EXISTING SF (APPROX.)
9,624
LANDMARK/HISTORIC DISTRICT
None
TAXES (15/16)
$70,338
FOR MORE INFORMATION, PLEASE CONTACT: Thomas Gammino Jr. Executive Vice President (212) 696 2500 x 7727 [email protected]
Brett Weisblum Associate Director (212) 696 2500 x 7784 [email protected]
Louis Marchetta Associate (212) 696 2500 x 5143 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
27 EAST 79TH STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
FOR MORE INFORMATION, PLEASE CONTACT: Thomas Gammino Jr. Executive Vice President (212) 696 2500 x 7727 [email protected]
Brett Weisblum Associate Director (212) 696 2500 x 7784 [email protected]
Louis Marchetta Associate (212) 696 2500 x 5143 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
