250 West 49th Street (2023)

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.