622 West 52nd Street - Massey Knakal Realty Services
~12,500 SF DEVELOPMENT OPPORTUNITY VACANT LOT WITH 25’ OF FRONTAGE 622 West 52nd Street Location: South side of West 52nd Street between Eleventh Avenue and the West Side Highway Block / Lot: 1099 / 47 Lot Dimensions: Building Dimensions: Gross Square Footage: 25’ x 100.42’ (approx.) (irr.) N/A N/A (vacant lot) Zoning: M2-4 FAR (As of Right): 5.00 Lot Area SF: 2,511 (approx.) Buildable SF: 12,553 (approx.) Assessment (15/16): Taxes (15/16): $232,200 $24,808 Property Description: ASKING PRICE: $5,000,000 Massey Knakal Realty Services (now Cushman & Wakefield) has been retained on an exclusive basis to market 622 West 52nd Street for sale. Located on the south side of West 52nd Street between Eleventh Avenue and the West Side Highway, across from DeWitt Clinton Park, the property is a vacant, 25’ x 100 lot with a curb cut. Significant air rights allow for the development of approximately 12,500 square feet of commercial/industrial space on the site. The property adjacent to the east, 620 West 52nd Street, a vacant 25’ wide, one-story garage building, is also available for sale. The combined lots have 50’ of frontage and could be developed into a 25,000 (approximate) square foot commercial/industrial building. Located in one of New York City’s most dynamic neighborhoods, the property lies along the west side of Hell’s Kitchen just a half block from the Hudson River. In recent years, this area has emerged as one of Manhattan’s fastest changing neighborhoods. This property is directly across from Dewitt Clinton Park, one of the first public parks in New York City and the largest one in the neighborhood. Hell’s Kitchen has becomes one of Manhattan’s most prominent nightlife and restaurant destinations which feature cuisines from all parts of the world. 620 West 52nd is also near Central Park and Columbus Circle, in addition to being easily accessible to Midtown by foot. For further information or inspection, please contact Exclusive Agents: Christoffer Brodhead Director of Sales [email protected] 212.696.2500 x7799 Cameron Mitchell Associate [email protected] 212.696.2500 x7746 For financing information, please contact: Kal Bassily Director of Capital Services [email protected] 212.589.5118 The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN. 275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
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