405 East 60th Street
405 E 60th St, New York, NY, 10022, US
Asset description
JLL has been retained on an exclusive basis to arrange for the sale of “The Broadway Assemblage” - a portfolio of seven buildings that span the entire easterly block front of Broadway between West 105th and West 106th Streets. The assemblage features over 392’ of wrap around frontage with 219’ of frontage on Broadway, 155’ of frontage on West 105th Street & 20’ of frontage on West 106th Street.
The site is currently improved by a combination of seven commercial, mixed-use and multifamily buildings spanning 49,661 GSF containing 28 apartments, 16 commercial spaces and a roof antenna. The buildings have been owned and operated by the same family for more than 70 years and are poised for redevelopment.
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Attributes
Building area gross
4,614 sm
Land area gross
2,012 sm
Buildings
7
Media
Investment highlights
-Excellent Upper West Side location
-One of the few remaining large-scale UWS Broadway development opportunities
-Tremendous street presence - full Broadway block-front with 393’ of wraparound frontage: (219’ on Broadway / 155’ on W 106th St / 20’ on W 105th St)
-21,658 SF lot provides redevelopment flexibility & efficiencies
-Site will provide for 139,324 - 176,585 ZFA of future development potential on an as of right basis
-May be possible to substantially increase total project size via passage of the “CIty of Yes” zoning reform proposal and by utilizing potential subway bonuses
-Exceptional light & air due to frontage, scale, low surrounding building heights and location on two double-wide streets
-Multiple development paths due to UWS location & proximity to Columbia University (luxury condos, student housing, luxury rentals, senior housing)
Contact brokers
The Broadway Assemblage (0 Properties)
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Last updated
Nov 11, 2024
