Cushman & Wakefield has been retained by The World Wide Group on an exclusive basis to arrange for the sale of one of the most prestigious development sites available in New York City today. The site, located at 143-161 East 60th Street, features 200 feet of street frontage between Lexington and Third Avenues bordering Midtown's Plaza District and the Upper East Side. There is no formal asking price for the property.
The assemblage, consisting of six contiguous low-rise buildings that sit on approximately 19,685 square feet of land, is located directly across from the world-renowned Bloomingdale's flagship store and contains roughly 282,925 buildable square feet above grade. Zoning allows for a base FAR of 10.0 on a residential or commercial basis with an additional 2.0 FAR of strictly residential rights permitted through the Inclusionary Housing Program, which have already been transferred to the site and are included in the sale.
The seller of 143-161 East 60th Street is New York City-based developer, The World Wide Group, who completed the property assemblage in 2014.
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Neighborhoods: Upper East Side, Midtown East