~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