323 E 58th St Midtown Development Opportunity

For Sale - 321 - 323 EAST 58 STREET- Manhattan - Midtown East

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Key Details

Property Type
Mixed Use
Neighborhood
Midtown East
Property Dimensions
20.0 x 54.42
Property Area
5,268 sq.ft.
Total Units:
2
Stories:
4
NOI
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Price
Submit Best Offer
Price Per Unit
-
Cap Rate
-%

Listing Description

Lee & Associates NYC is pleased to present the building plans and pricing feasibility for the residential development site at 323 E 58th Street in New York, NY (the “Site”).

The Site consists of a 3,100 SF lot, currently occupied by a vacant four-story mixed-use building spanning 5,268 SF. The Site has a residential FAR of 4.0, and can be built to a maximum ZFA of 12,400 SF. However, due to the elevations of the site there are plans prepared for a building of approximately 16,600 SF including below space.

Property Details

Block/Lot:
1351/10
Lot Dimensions
30.83 x 100.42
Lot Area
3,100 sq.ft
Zoning:
R8B
FAR as Built:
1.7
Max FAR:
4.0
Chris VarjanLee & Associates NYC
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Sales & Transactions

AddressSale PriceSale DateProperty Type
224 EAST 59TH STREET$14,000,00006/20/2018Mixed Use
245 EAST 55TH STREET$19,500,00004/19/2018Mixed Use
973 2 AVENUE$5,500,00012/23/2016Mixed Use
224 EAST 59TH STREET$11,400,00005/10/2016Mixed Use
248 EAST 49TH STREET$10,350,00005/02/2016Mixed Use
230 EAST 53RD STREET$5,850,00003/15/2016Mixed Use
420 EAST 54TH STREET$390,000,00001/28/2016Mixed Use
242 EAST 50TH STREET$9,875,00012/21/2015Mixed Use
320 EAST 49TH STREET$7,161,00012/18/2015Mixed Use
947 SECOND AVENUE$8,500,00012/02/2015Mixed Use