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151 E 57Th St New York, NY 10019

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Adjacent properties with development potential in Midtown East.

Property size:
12,500 SF
Lot size:
0.12 Acres

Property Features for 151 E 57Th St

General Information

Size
12,500 SF
Lot size
0.12 Acres

Source: Matthews Real Estate Investments Services | New York Agent Stephen Dadourian

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


Overview

Prime Midtown East Opportunity

Located on the north side of East 57th Street between 3rd Avenue and Lexington Avenue, 149 East 57th Street and 151 East 57th Street are adjacent properties. These contiguous vacant buildings present an opportunity for an owner-operator or investor. The buildings' R10 zoning allows for as-of-right development of 50,000 square feet. The proposed “City of Yes” initiative to modernize the NYC zoning regulations increases the FAR to 12, providing 60,000 developable square feet. The ground floor of 149 East 57th Street, formerly occupied by Adare restaurant, is a fully furnished white tablecloth restaurant with 66 seats and a full commercial kitchen. A small mezzanine in the rear provides additional food preparation and storage space. The second floor features a fully furnished bar and lounge, while the third floor offers office space. All three floors measure 25 feet by 100 feet. The ground floor of 151 East 57th Street, currently occupied by Side Door pub, is built full and measures 25 feet by 100 feet. The second and third floors, with office space layouts, measure 25 feet by 50 feet. A terrace is located at the rear of the second floor. 149 East 57th Street is encumbered by a light and air easement set to expire in 2054.
Insight Report Location Intelligence

Current Use by Public Records

Side Door Gastropub Zhao Li Services ... Acupuncture Clinic

Suggested Use

Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Law Firm Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9683269
Latitude
40.7607594

FAQs

What type of property is this?
Pub - Adjacent properties with development potential in Midtown East.
Where is this pub located?
The property is located at 151 E 57Th St New York, NY.
What are key features of this property?
This property features: - Substantial development rights with potential for up to 60,000 developable square feet under proposed zoning changes.; - Prime location on East 57th Street between 3rd and Lexington Avenues.; - Two adjacent vacant buildings offering flexibility for owner-operators or investors.
More about this property
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