Air Rights for Sale - 136,752 SF

Midtown East, Midtown West, New York, New York 10036

Listing ID Number

25714

Property Description

Cushman & Wakefield has been retained exclusively by the owner of the Landmarked building at 42 West 44th Street (Block 1259, Lot 14) for the sale of 136,752 square feet of air rights. This is a rare opportunity to acquire an immense quantity of air rights for immediate construction or future use. Recent initiates such as the Midtown East Rezoning have spurred major development projects such as JP Morgan’s new headquarters to be constructed at 270 Park Avenue. Although not within the Midtown East Rezoning, these air rights could be used on a development project within the immediate area.

Overview

Building Type:Special Use

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

William Conrad
Director
(212) 660 7740
William.Conrad@cushwake.com

Jonathan Garfinkel
Associate
(212) 660-7713
jonathan.garfinkel@cushwake.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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.