Manhattan cityscape with skyscrapers , New York City. Shutterstock.
NEW YORK CITY- Jones Lang LaSalle has launched marketing efforts for 537 West 59th St. on the Upper Westside in Manhattan. The property is located between Amsterdam and West End Avenues. The 75-foot wide development site is currently zoned for up to 48,952 buildable square feet or 52.368 gross square feet. The asking price is $22.5 million, or an estimated $460 per buildable foot.
Property characteristics include an existing 18,000-square-foot, three-story television production studio that will be delivered vacant. The lot area is 7,531 square feet and carries a C6-2 zoning designation, offering different potential uses, including residential, hotel, office, medical or community facility.
The property at 537 West 59th Street is in proximity to Midtown West, Lincoln Square and Columbus Circle. It is less than a block from Riverside Center, the home of recently completed mega-projects from Silverstein Properties, Dermot Companies and CIM Group. The development site offers convenient connectivity throughout Manhattan with access to the A, B, C, D, 1 and 2 trains at Columbus Circle.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
