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Midtown Land Parcel For Sale

118-120 E 59th St, New York, NY

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5,021 SF land parcel in Midtown, New York.

Type:LAND

Lot size:

0.11 Acres

HighLights

Zoned C5‑2.5 MiD (Special Midtown District) allowing for high‑density development.
Maximum FAR of 12.0 for commercial use.
As‑of‑right maximum ZFA: 60,252 square feet.
10.0 FAR available for residential purposes.
Ownership has acquired approximately 16,487 square feet of development rights.
Includes a light and air easement from 116 East 59th Street (Lot 65).

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Listing Contact

Bob Knakal

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For Sale

Contact for pricing

5,021 SF land parcel in Midtown, New York.

Type:LAND

Lot size:

0.11 Acres

Added:: Mar 22, 2025
Days on Market:: 455
Last Refresh:: May 20 at 8:32 pm

Property Features for 118-120 E 59th St

General Information

Standard status: Active
Lot size: 0.11 Acres
Property subtype: LAND

We can help!

Listing Contact

Bob Knakal

Listing agent Bob Knakal License #10301211305

Listing office BKREA

Listing date Mar 22, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of BKREA

HighLights

Zoned C5‑2.5 MiD (Special Midtown District) allowing for high‑density development.
Maximum FAR of 12.0 for commercial use.
As‑of‑right maximum ZFA: 60,252 square feet.
10.0 FAR available for residential purposes.
Ownership has acquired approximately 16,487 square feet of development rights.
Includes a light and air easement from 116 East 59th Street (Lot 65).

Overview

This commercial land parcel, located in Midtown, New York, offers 5,021 square feet of space. It is zoned C5-2.5 MiD (Special Midtown District), which allows for a maximum Floor Area Ratio (FAR) of 12.0 for commercial use and 10.0 FAR for residential purposes. The as-of-right maximum Zoning Floor Area (ZFA) is 60,252 square feet. The ownership has acquired approximately 16,487 square feet of development rights and a light and air easement from 116 East 59th Street (Lot 65).

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

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Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9218
Latitude: 40.6514

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For sale
Land
NY
New York
118-120 E 59th St

What type of property is this?

Land - 5,021 SF land parcel in Midtown, New York.

Where is this land located?

The property is located at 118-120 E 59th St New York, NY.

What are key features of this property?

This property features: Zoned C5‑2.5 MiD (Special Midtown District) allowing for high‑density development.; Maximum FAR of 12.0 for commercial use.; As‑of‑right maximum ZFA: 60,252 square feet.

118-120 E 59th St, New York, NY

5,021 SF land parcel in Midtown, New York.

Property Features for 118-120 E 59th St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Second-Floor Professional Office

Medical/Dental Condo Ready

Manhattan Commercial Condo For Sale

Vacant First-Floor Retail Store

Established Medical-Dental Practice Condo

Four-Story Mixed-Use Building

Chinatown Office Space Opportunity

Chinatown Office Space Opportunity

Detached Two-Family Home with Garage

Vacant Multi-Family Townhouse

East Harlem Commercial Redevelopment Opportunity

Morningside Gold Coast Brownstone

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