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BKREA has announced the exclusive listing of 143-155 East 60th Street, a rare six-lot assemblage in Manhattan’s Lenox Hill neighborhood. The fully vacant, already-demolished development site spans approximately 19,684 square feet with 200 feet of frontage and 100 feet of depth, occupying nearly the entire mid-block between Lexington and Third Avenues.
The offering provides up to approximately 282,925 zoning square feet at a 12.0 FAR, with no height restrictions and the potential for a large-scale luxury residential condominium development. The site benefits from acquired development rights, UAP certificates, Central Park proximity, and a location outside the Upper East Side Historic District.
The property combines six contiguous tax lots into a roughly 200-foot-wide development site, creating one of the larger contiguous development opportunities to reach the Upper East Side market in years.
Through existing development rights and UAP certificates, the site offers approximately 282,925 zoning square feet at a 12.0 FAR.
Ownership secured 34,666 square feet of excess development rights through an existing Zoning Lot and Development Agreement with 165 East 60th Street.
The ownership has purchased 51,419 square feet of Universal Affordability Preference certificates allocated directly to the site, allowing a future developer to pursue a fully market-rate project without constructing affordable units on-site.
A massing study prepared by Development Consulting Services envisions a 48-story tower of approximately 586 feet, with roughly 332,233 gross square feet including retail, lobby, amenities, and residential space.
The site is steps from Central Park and within a five-minute walk of the Plaza District and Park Avenue. Eight subway lines and the Roosevelt Island Tram are accessible from nearby stations.
“This is the kind of site that simply doesn’t come to market in this neighborhood,” said Bob Knakal, Chairman & CEO of BKREA, highlighting the site's 200 feet of frontage, Central Park views, acquired air rights, and UAP certificates already in place.
143-155 East 60th Street brings together several characteristics that are difficult to replicate in Manhattan: a large contiguous footprint, a fully vacant site, significant development rights, no height restrictions, and a location in one of the city's established luxury residential corridors.
The opportunity also demonstrates the value of preparing a development site before bringing it to market. By securing additional development rights and UAP certificates, ownership has substantially enhanced the site's development potential and reduced key hurdles for a future developer.
Where is 143-155 East 60th Street located?
The property is located on East 60th Street between Lexington and Third Avenues in Manhattan's Lenox Hill neighborhood.
How large is the development site?
The assembled site contains approximately 19,684 square feet of lot area, with approximately 200 feet of frontage and 100 feet of depth.
How much can be built on the site?
The site offers approximately 282,925 zoning square feet at a 12.0 FAR, based on the development rights and UAP certificates secured by ownership.
What type of development is envisioned?
A massing study envisions a 48-story residential tower with approximately 332,233 gross square feet, including ground-floor retail and lobby, amenities, and residential space.
What zoning applies to the property?
The site is zoned C5-2 (R10), which permits residential, office, retail, community facility, and hotel uses as-of-right.
Who is marketing the property?
The exclusive listing is being led by BKREA Chairman & CEO Bob Knakal, Managing Directors Genessy Jaramillo and Jas Saini, Senior Associate Nick Tuleu, and Transactional Associate Christian Sweeney.
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