New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
UES Ground Lease Opportunity Comes Up for Sale
Avison Young’s tri-state investment sales group is marketing a long-term, triple-net ground lease opportunity at 403 East 65th St. on Manhattan’s Upper East Side. The team of Vincent Carrega, James Nelson, Neil Helman, Charles Kingsley and Daniel Tropp seeks a developer or user looking to build a notable residential or community facility property at the site.
The property is zoned for up to 40,368 square feet for residential use, or 51,469 square feet with a community facility space. “This is a prime opportunity for an end-user or developer to add immense value to a well-located property with significant frontage along East 65th Street,” Carrega said.
Aside from being located near several cultural institutions, the property is also well-positioned to capture the growth of several key future economic drivers in close proximity, including nearby medical expansions and the Cornell Tech Campus on Roosevelt Island.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
