Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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.

Key Facts

Year Built 1930
Building Area
Land Area ()

Property 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: 03 Mar 2021
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Jonathan Hageman
Jonathan Hageman
Managing Director, Capital Markets
License details
NY-10301212436

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+13129406848
Last Updated Date: 03 Mar 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.