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NYC

MIDTOWN WEST PROJECT

A 75’ x 100’ development site located on the north side of West 59th Street between Amsterdam and West End Avenues. The lot area measures 7,531 square feet and carries a C6-2 zoning designation (R8 residential equivalent). Current zoning allows for an as-of-right development of 48,900 ZFA including Commercial and Community Facility space, approximately 58,300 Gross SF, including deductions allowed by the zoning. The site provides spectacular light and air from every direction due to its protected surroundings which includes the 1.6-acre 2nd story open green space of John Jay College’s new campus directly in front of the subject site, the newly renovated Gertrude Ederle Playground and Recreation Center to the east and northeast, a protected outdoor plaza to the north, and the deeply set-back open front plaza of the Element condominium to the west.
Type
New Development (Residential)
Built
New Development
Available Units
48 Apartments
Price Range
Type
New Development (Residential)
Start/Finish
Fall 2020 - Winter 2021
Size
58,321 BSF (11 Stories)
Available Equity
$16,355,466 (Minimum Investment: $500,000)
Anticipated Return
2.02x (Equity Multiple)
Preferred Return
Yes
VIEW AVAILABLE LISTINGS
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Primestead specializes in prime residential properties in New York City where we serve as Buyer Agents and Exclusive Seller Agents. We also serve landlords and renters of luxury properties as well as real estate investors.

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Primestead New York
114 Mulberry Street
New York, NY 10013, USA
New York: +1 212-328-0135
Edward: +1 917-656-4353
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