Asking Price
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NOI Net Operating Income N/A
NIY N/A

Documents

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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.

Attributes

Year Built 1910
Building Area
Land Area ()

Asset Description

JLL has been retained on an exclusive basis to arrange for the sale of 303-305 East 44th Street, an incredible condo development opportunity in the Midtown East neighborhood of Manhattan. Located on the north side of East 44th Street between 1st and 2nd Avenues, the site benefits from an impressive 47’ of frontage.


The offering features a singular tax lot, with additional air rights that have been acquired from two neighboring tax lots. The subject lot is split zoned, with the majority of the lot falling into a C1-9 zoning area. Therefore, the residential FAR as-of-right is 10.00 which allows for 47,000 ZFA. The air rights lots (Lots 148 and 49), also fall into the same C1-9 zoning, permitting 20,000 and 13, 594 ZFA respectively. In total, the ZFA as-of-right for these three lots is 80,594.


Current ownership has also purchased the inclusionary certificates which provides a bonus FAR of 2.0, bringing the max ZFA to 96,712.


Investment Highlights

  • 47' of Frontage
  • Tremendous Development Opportunity w/ 96,712 BSF
  • Shovel-Ready Site
  • DOB-Approved Plans for Residential Condo Development
  • Breathtaking Unobstructed Views
  • Excellent Connectivity via Grand Central Terminal
Last Updated Date: 15 Jun 2022

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Last Updated Date: 15 Jun 2022

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