![](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_566,q_auto,c_scale/v1676406746/IC/Img/Original/cqhegkyjltiqhffjny4q.jpg)
250 West 49th Street (2023)
250 West 49th Street, New York, NY, 10019-7400, US
746 m²
GROUND LEASE:
62-67 60th Place is zoned R5B which allows for a residential development project. Demand for new residences in this neighborhood continues to grow, with the immediate neighborhood achieving 40+ per square foot for residential rents. The property is conveniently located under 10 blocks from the Middle Village / Metropolitan Avenue m train station offering quick transportation throughout the boroughs. This site offers investors the ability to develop a ground up project, and/or convert the current structure to residential use. Ridgewood has been undergoing a transformation that has brought with it premier retailers, restaurants and leisure destinations in addition to a high demand for housing.
GROUND LEASE:
Lot Size: 30,033 SF
Residential FAR: 1.35
Total Development as-of-right: 40,545 BSF
Zoning Designation: R5B