403 East 60th Street

Asset Type

Land

Address
403 E 60th St New York, NY United States 10022-1506
Asking Price

Contact for pricing

Sq Footage

40,686

Year Built

1929

Cap Rate

N/A

Additional Attributes

Property Description

Extraordinary development/conversion opportunity for sale on Manhattan’s East Side and situated directly across from the Queensboro Bridge at 59th Street. Flexible zoning allows for residential, commercial and community facility uses, with 72,312 available sq. ft. Includes a 75 ft. wide, 40,686 sq. ft. garage with 175 legal parking spaces. The lot is 7,531 gross sq. ft. and may accommodate a maximum zoning floor area (ZFA) of up to 75,312 sq. ft. There’s an opportunity to acquire air rights from the site’s easterly neighbor, bringing the total ZFA to 127,000 sq. ft. Located in the center of two Manhattan neighborhoods, Midtown East and the Upper East Side in the medical corridor. Neighbors include New York Presbyterian Hospital, Rockefeller University Hospital, Memorial Sloan Kettering Hospital, Weill Cornell Medical Center and the Hospital for Special Surgery. Entrances to both Queensboro Bridge and FDR Drive are just one block away.

Investment Highlights

  • Property can be delivered vacant within 60 days
  • Flexible zoning for optimal development
  • Opportunity to acquire air rights from site’s easterly neighbor
  • Existing garage offers immediate cashflow opportunity
Listing Contacts
Clint Olsen
Clint Olsen
Contractor Broker
NY - 10301212298
Darragh Clarke
Darragh Clarke
Associate, Production Support
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