151 E 57Th St New York, NY 10019

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.