143–161 E. 60th Street
Retail
Marketing description
Global Prime Real Estate Group is pleased to present, on an exclusive basis, the opportunity to acquire 143–161 East 60th Street, a six-parcel, fully vacant development assemblage situated at the corner of East 60th Street and Lexington Avenue in the Lenox Hill neighborhood of Manhattan. The site is offered at an Asking Price of $360,000,000, representing approximately $1,272 per buildable square foot on 282,925 buildable square feet above grade
The assemblage spans approximately 28,619 square feet of lot area with roughly 200 feet of continuous frontage on East 60th Street, directly opposite the iconic Bloomingdale's department store. All six buildings have been demolished, delivering a clean, shovel-ready site with no existing tenants or structures — a rare condition in a submarket defined by irreplaceable land scarcity
Investment highlights
- Irreplaceable Location — One of the last large development parcels at the 60th Street/Lexington corridor — the gateway between Billionaires' Row and the Upper East Side.
- Shovel-Ready Condition — All six structures have been fully demolished. The site is delivered vacant, clean, and permit-ready, eliminating demolition risk, timeline delay, and relocation obligations.
- Unlimited Height Potential — Zoning designation C1-9/R10 imposes no height cap, enabling a supertall residential tower of 1,000+ feet — a profile confirmed by prior proposals from Kohn Pedersen Fox and Archilier Architecture.
- Billionaires' Row Adjacency — Situated steps from 432 Park Avenue, 111 West 57th Street, and One57, the site benefits from proximity to New York's most prestigious residential corridor without direct competition for the same buyer pool.
- 282,925 Buildable Square Feet — Rare quantum of developable density at this address, with potential to expand further through the City's Inclusionary Housing bonus program.
- Central Park Sightlines — Upper floors of a supertall tower on this site would enjoy unobstructed views directly into Central Park — a permanently protected view corridor that commands a premium in New York's luxury residential market.
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