Corner development opportunity features 2,910 square feet of land and approximately 100 feet of frontage along Lexington Avenue.
-- BKREA announces the exclusive listing of 767 Lexington Avenue, a corner development site at the intersection of Lexington Avenue and East 60th Street in Manhattan’s Lenox Hill neighborhood. The property is being marketed by BKREA Chairman & CEO Bob Knakal, Managing Directors Genessy Jaramillo and Jas Saini, and Senior Associate Nick Tuleu.
The property consists of a 2,910-square-foot lot (±25' x 100') and will be delivered vacant, offering prospective purchasers the opportunity to acquire a well-positioned development site in one of Manhattan’s most established residential and commercial neighborhoods.
The corner parcel features approximately 100 feet of frontage along Lexington Avenue and approximately 25 feet along East 60th Street, providing prominent street presence on two thoroughfares. Located at the western edge of the block between Lexington and Third Avenues, the property sits within Lenox Hill near the Plaza District, surrounded by a mix of residential, retail and commercial uses, with close proximity to Central Park, the world-class retail of Madison and Fifth Avenues, and multiple transit lines.
BKREA is also marketing the adjacent assemblage at 143-155 East 60th Street, six contiguous lots totaling approximately 19,684 square feet of lot area with nearly 200 feet of continuous East 60th Street frontage. That site has already been demolished and is delivered vacant. Its R10 zoning allows a future developer to satisfy Universal Affordability Preference (UAP) requirements through the purchase of offsite UAP certificates, enabling a 100% market-rate development. The site also carries 51,419 square feet of previously purchased Inclusionary Housing/UAP certificates. Together, 767 Lexington Avenue and 143-155 East 60th Street form a full-block-front assemblage of approximately 22,594 square feet (±225' x 100'), a rare large-scale development opportunity on the Upper East Side.
With its corner positioning, substantial Lexington Avenue frontage, vacant delivery and its role in completing the larger East 60th Street assemblage, 767 Lexington Avenue represents a compelling opportunity for developers and investors seeking a premier Manhattan development site.
The BKREA team representing the property brings extensive experience in New York City’s investment sales market, with Knakal, Jaramillo, Saini and Tuleu working together to market the opportunity to prospective developers and investors.
About the company: BK Real Estate Advisors (BKREA) is a New York City commercial real estate brokerage specializing in investment sales and development site sales. Founded by Bob Knakal, the firm advises property owners on valuation, positioning and sale strategy. Knakal has personally brokered the sale of more than 2,425 properties since 1984.
Contact Info:
Name: Bob Knakal
Email: Send Email
Organization: BKREA
Address: 135 West 36th Street NY NY 10018
Phone: 212-888-8850
Website: https://bkrea.com
Release ID: 89209307
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