33’ Wide, 16,166 BSF Development Site in Prime Location
$1,900,000
1600-1602 Lexington Avenue, New York, NY 10029
For Sale
Development
Mixed Use
Active
Last Updated: 06/16/2023
Mixed Use
Development Type
2,487 sqft
Lot Area
Details:
Development Type: Mixed Use
Lot Area: 2,487 sqft
Zoning: R7-2 / C1-5
Buildable Area: 16,166 sqft
Description:
Investment Highlights
• 33’ of frontage along bustling Lexington Avenue
• Mixed-use zoning of R7-2 / C1-5 allows for approx. 9,948 BSF as-of-right
• Community Facility (CF) bonus allows for approx. 16,166 BSF in the direct vicinity of Mount Sinai Hospital
• Nearby half a dozen rental & condominium development projects
• Several nearby townhouses have historically seen record prices that have surpassed $1,000/SF
• Several condominium sales in the immediate area very recently achieved prices north of $1,200 per square foot
• Delivered vacant
• Direct connection to 6 subway line at Lexington Avenue and East 103rd and East 96th Street stations
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Location
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