139-141 45Th St New York, NY 10017
- Land
Current Use by Public Records
- Land
Property Details for 139-141 45Th St
- Property type
- Land
Description
This exceptional 4,217 square foot development site, located at 139-141 East 45th Street in Midtown East, offers significant potential. The property consists of two contiguous vacant buildings, a 5-story and a 4-story mixed-use structure, with a combined 42-foot frontage on East 45th Street, between Lexington and Third Avenues. The C5-2.5, MiD (Special Midtown District) zoning allows for a base FAR of 10.0 for residential and 12.0 for commercial development, yielding a residential density of 42,170 ZFA and a commercial density of 50,604 ZFA. Residential FAR can be increased to 12.0 by including a residential recreation space. While new construction is likely the highest and best use, the vacant delivery allows for short-term mixed-use leasing opportunities. The site benefits from unparalleled access to Manhattan's transportation network via Grand Central Terminal, offering connections to numerous subway lines, the Long Island Railroad, and Metro-North. Its proximity to the United Nations, East Midtown Greenway, and the Chrysler Building adds to its desirability. This prime location in Midtown East, near numerous Fortune 500 companies, provides a "walk-to-work" lifestyle and a vibrant culinary scene. The site offers convenient access to Manhattan, the surrounding boroughs, Long Island, Westchester, and Connecticut.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.974
- Latitude
- 40.7532
