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226 East 54Th St New York, NY 10022

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For Sale
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Development site in Midtown East with existing commercial income.

Lot size:
5.00 Acres

Property Features for 226 East 54Th St

General Information

Lot size
5.00 Acres

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Listing Contact
Ryan Candel
Ryan Candel
Source: Bkrea

Listing Agency: BKREA Listing Agent: Ryan Candel

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

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Overview

Midtown East Development Site

This development site is centrally located in Midtown East, surrounded by luxury towers, major office buildings, and world-class retail. The C1-9(R10) zoning allows up to 10.0 residential as-of-right FAR, with the potential to increase to 12.0 with UAP. The neighboring co-op has indicated a willingness to grant an easement, potentially unlocking the ability to add legal bedrooms and enhance unit value. The site offers an as-is cash flow opportunity with existing commercial income, allowing investors to generate revenue while finalizing plans, securing permits, or awaiting optimal market conditions for redevelopment. The property is located down the block from the 53rd Street subway station, providing access to the E, M, and 6 lines, offering access across Manhattan and the outer boroughs.
Location Intelligence

Current Use by Public Records

Bwarriormma.com Training Center Apex Human Performance Gym & Fitness Center Yoga Spa NYC ... Gym & Fitness Center Trooper Fitness Gym & Fitness Center Unger Software Corporation (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Dental Office Food Market Grocery & Convenience Store Daycare Center Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9677814
Latitude
40.7577332

FAQs

What type of property is this?
Commercial land - Development site in Midtown East with existing commercial income.
Where is this commercial land located?
The property is located at 226 East 54Th St New York, NY.
What are key features of this property?
This property features: - Prime Midtown East location surrounded by luxury towers and world-class retail.; - Significant development potential with C1-9(R10) zoning allowing up to 10.0 residential FAR (12.0 with UAP).; - Existing commercial income provides as-is cash flow opportunity.
More about this property
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