Map pin250 West 49th Street, New York, NY, 10019-7400, US

250 West 49th Street (2023)

250 West 49th Street (2023)_Property for Sale

Attributes

Land area gross
8,034.00 sf

Asset Description

JLL has been exclusively retained to market for sale 250 West 49th Street, an incredible development opportunity situated between Broadway and Eighth Avenue in the Times Square neighborhood of Manhattan. The property features 80’ of frontage and is situated within one of NYC’s most flexible zoning districts that permits a mixed-use retail, office, hotel, residential, and/or commercial project as-of-right. The offering is being delivered with approved plans for a 23-story, 113,000 GSF, mixed-use project featuring 4,600 SF of retail on the ground floor and 135 residential rental units above. Additionally, the Site is fully vested in the Affordable NY program, which will allow the project the benefit from a 3-year tax abatement during construction plus a 35-year tax abatement post construction.

...

Investment Highlights

  • Fully Approved and Vested in the Affordable NY Program
  • Vacant Possession
  • Flexible Zoning
  • Coveted Location
  • New York's CBD
  • Boutique Development Site w/ 96,336 BSF
  • 80 Feet of Frontage
  • Transportation Hub
250 West 49th Street (2023) (0 Properties)

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
25 Mar 2024