Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 339-345 East 33rd Street (“The Site”), an incredible development assemblage located in the heart of Kips Bay, Manhattan. Located on the north side of East 33rd Street between First and Second Avenues, the Site features an impressive 90’ of frontage across four (4) adjacent 4-story buildings on a singular, 8,888 square foot tax lot.

The 4 existing buildings have largely been prepared for vacant delivery, with the exception of 343 East 33rd Street, which remains occupied by a single rent stabilized tenant. Ownership has previously attempted to negotiate a buyout with this tenant, which was unsuccessful. As a result, the approved development plans incorporate the retention of 343 East 33rd Street in its current condition, with the proposed residential rental project designed to be constructed around the existing structure.

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