Land

Kips Bay Assemblage

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Attributes

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Portfolio description

JLL has been retained on an exclusive basis to arrange for the sale of three adjacent Kips Bay development sites (563-571 Second Avenue, 247-251 East 31st Street, and 243-245 East 31st Street). The sites are located on the northwest corner of 31st Street and Second Avenue. Each of the sites are owned by the same family and, collectively, have 90’ of frontage on Second Avenue and 160’ of frontage on 31st Street.

Investment Highlights

  • Ideal Kips Bay Location: The Kips Bay neighborhood is home to many young, affluent professionals, which creates a unique live/work/play dynamic
  • Flexible Redevelopment Opportunity: The three sites can be developed individually or as an assemblage.
  • Well Connected: Kips Bay is surrounded by a number of diverse neighborhoods which help to give it its character. Gramercy, Koreatown, Stuyvesant Town, the East Village, & the Flatiron District are among the many that surround Kips Bay
  • Excellent Accessibility: The site is within walking distance of the Lexington Avenue subway line and the 34th Street Ferry, which provide service all throughout Manhattan.

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Kips Bay Assemblage (3 Properties)
Kips Bay Assemblage
New York, NY, United States
247-251 East 31st Street
New York, NY, United States
563-571 2nd Avenue
New York, NY, United States
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Last Updated Date: 22 Aug 2022

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