Land

Kips Bay Assemblage

243-245 E 31st St, New York, NY, 10016-6358, US

Gallery

Asset Description

JLL has been retained on an exclusive basis to arrange for the sale of three adjacent Kips Bay development sites (563-571 Second Avenue, 247-251 East 31st Street, and 243-245 East 31st Street). The sites are located on the northwest corner of 31st Street and Second Avenue. Each of the sites are owned by the same family and, collectively, have 90’ of frontage on Second Avenue and 160’ of frontage on 31st Street.

Attributes

Land area Gross

0.00 km² (1,391 m²)

Investment Highlights

Ideal Kips Bay Location: The Kips Bay neighborhood is home to many young, affluent professionals, which creates a unique live/work/play dynamic
Flexible Redevelopment Opportunity: The three sites can be developed individually or as an assemblage.
Well Connected: Kips Bay is surrounded by a number of diverse neighborhoods which help to give it its character. Gramercy, Koreatown, Stuyvesant Town, the East Village, & the Flatiron District are among the many that surround Kips Bay
Excellent Accessibility: The site is within walking distance of the Lexington Avenue subway line and the 34th Street Ferry, which provide service all throughout Manhattan.