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118 E 59th St 0.12 Acres of Residential Land in New York, NY 10022
Executive Summary
Ownership has acquired approximately 16,487 square feet of development rights and a light and air easement from 116 East 59th Street (Lot 65).
Plans from SLCE Architects LLP for a mixed-use development with 29 units across 40 stories.
Utilizes approximately 76,739 ZFA, including roughly 16,487 ZFA transferred from the neighboring property.
Current plans were previously approved but have since expired and are available in the data room.
Plans from SLCE Architects LLP for a mixed-use development with 29 units across 40 stories.
Utilizes approximately 76,739 ZFA, including roughly 16,487 ZFA transferred from the neighboring property.
Current plans were previously approved but have since expired and are available in the data room.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Property Type | Land | ||
| Zoning | C5-2.5 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.12 AC |
| Zoning | C5-2.5 |
1 Lot Available
Lot
| Lot Size | 0.12 AC |
| Lot Size | 0.12 AC |
Lot Size: 5,021 square feet. Zoned C5-2.5 MiD (Special Midtown District), allowing for a maximum FAR of 12.0 for commercial use, with 10.0 FAR available for residential purposes. As-of-right maximum ZFA: 60,252 square feet.
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1313-0063 | Improvements Assessment | $0 |
| Land Assessment | $2,920,680 | Total Assessment | $2,805,300 |
Property Taxes
Parcel Number
1313-0063
Land Assessment
$2,920,680
Improvements Assessment
$0
Total Assessment
$2,805,300
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118 E 59th St
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