PropertyIDX - 323 E 58th St Midtown Development Opportunity (New York)

323 E 58th St Midtown Development Opportunity

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

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Net Operating Income: Contact Agent

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: Contact Agent
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

Sales & Transactions

Address	Sale Price	Sale Date	Property Type
224 EAST 59TH STREET	$14,000,000	06/20/2018	Mixed Use
245 EAST 55TH STREET	$19,500,000	04/19/2018	Mixed Use
973 2 AVENUE	$5,500,000	12/23/2016	Mixed Use
224 EAST 59TH STREET	$11,400,000	05/10/2016	Mixed Use
248 EAST 49TH STREET	$10,350,000	05/02/2016	Mixed Use
230 EAST 53RD STREET	$5,850,000	03/15/2016	Mixed Use
420 EAST 54TH STREET	$390,000,000	01/28/2016	Mixed Use
242 EAST 50TH STREET	$9,875,000	12/21/2015	Mixed Use
320 EAST 49TH STREET	$7,161,000	12/18/2015	Mixed Use
947 SECOND AVENUE	$8,500,000	12/02/2015	Mixed Use

323 E 58th St Midtown Development Opportunity

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Key Details

Listing Description

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