A development site at 155 East 79th Street, located between Lexington and Third Avenues on Manhattan’s Upper East Side, was acquired by Anbau Enterprises in a transaction arranged by Massey Knakal Realty Services.
The site currently consists of a one-story gallery, which contains approximately 3,550 square feet on a 34.75’ x 102.17’ lot. With approximately 31,954 square feet of air rights remaining, the site totals approximately 35,504 buildable square feet. The site will be used for residential development.
“This sale, after 30 years of ownership, underscores the current strength of the redevelopment taking place on East 79th Street within the Upper East Side development market. This site is bookended by developments by The Brodsky Organization and Skyline Developers and is uniquely positioned to complement the offerings of those developments due to its smaller floorplate,” said Massey Knakal Vice President of Sales Thomas D. Gammino Jr., exclusively handled this transaction with CEO Paul J. Massey Jr.
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Neighborhoods: Upper East Side/ Agents: Paul Massey Jr.