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BK Real Estate Advisors (BKREA) has announced the bid deadline for 150 West 85th Street, a rare vacant institutional building located in the heart of Manhattan's Upper West Side.
The six-story property, formerly occupied by Manhattan Country School, represents one of the most unique owner-user and redevelopment opportunities currently available in New York City. Being sold through a federal court-supervised process, the asset offers buyers a rare combination of scale, flexibility, and clean title in one of Manhattan's most supply-constrained neighborhoods.
The offering is being led by Bob Knakal, Chairman and CEO of BKREA, alongside Ryan Candel, Tom Brady, and Ana Barrie.
The property consists of approximately 38,838 square feet across six stories, including a full basement and mezzanine. Vacant institutional-scale buildings of this size are exceptionally rare within the Upper West Side market.
Zoned R8B, the property allows for residential and community facility uses, creating opportunities for educational institutions, religious organizations, foreign government uses, owner-users, and redevelopment projects.
The building's existing Certificate of Occupancy permits school use, one of the most difficult approvals to obtain in New York City, making the asset particularly attractive to educational users.
Positioned between Amsterdam and Columbus Avenues, the property benefits from immediate access to Central Park, Riverside Park, major retail corridors, and public transportation.
The property is being sold by a federal court-appointed trustee and will be delivered free and clear of liens, claims, and encumbrances, creating one of the cleanest acquisition opportunities currently available in the marketplace.
While the existing building exceeds current zoning floor area allowances, BKREA's Policy and Zoning SWAT Team has identified potential redevelopment and conversion pathways, subject to buyer due diligence and approvals.
Institutional-scale vacant buildings rarely become available in Manhattan's most established residential neighborhoods. The combination of vacant possession, flexible zoning, existing institutional infrastructure, and a court-supervised sale process creates a unique opportunity for buyers seeking long-term value creation.
The offering reflects continued demand for specialized properties that can serve educational, community facility, residential, or adaptive reuse purposes in high-barrier-to-entry locations.
According to Bob Knakal:
"Opportunities to acquire a vacant, institutional-scale building in the core of the Upper West Side are extraordinarily rare."
The offering includes:
BK Real Estate Advisors (BKREA) is a New York City-based investment sales brokerage and advisory firm specializing in property sales, development sites, market intelligence, and strategic advisory services. The firm combines deep historical data, technology-enabled marketing, and AI-driven tools to maximize value for property owners.
It is a vacant six-story institutional building located on Manhattan's Upper West Side that is being marketed for sale by BKREA.
The building was formerly occupied by Manhattan Country School and is now being delivered vacant.
The R8B zoning permits residential and community facility uses, including educational institutions, religious organizations, and other institutional occupancies.
The existing school Certificate of Occupancy is a significant advantage because school-use approvals are among the most difficult to obtain in New York City.
The property's combination of vacant possession, scale, Upper West Side location, redevelopment potential, and clean title delivery is exceptionally rare in the Manhattan market.
The assignment is being led by Bob Knakal, Ryan Candel, Tom Brady, and Ana Barrie of BKREA.
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