135-137 East 45th Street

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 135-137 East 45th Street, two neighboring lots that combine to create an approximately 53,323 square foot development site on the north side of East 45th Street between Lexington and Third Avenues. This incredible assemblage features 38’ of frontage on East 45th Street in Midtown East just two blocks from Grand Central, which serves an estimated 750,000 individuals per day. The site is currently improved by two buildings, an approximately 1,949 square foot one story building at 135 East 45th Street and an approximately 4,800 square foot four story building at 137 East 45th Street. The buildings offer a combined 3 commercial units and 4 residential units; however, both will be delivered vacant, allowing a prospective developer to break ground on this incredible development opportunity immediately. 135 East 45th Street is zoned entirely C5-3, while 137 East 45th Street is split-zoned between C5-3 and C5-2.5. C5-3 zoning permits 15.0 FAR for commercial use, C5-2.5 zoning permits 12.0 FAR for commercial use, and both zoning districts permit 10.0 FAR for residential use. Additionally, the site is eligible for an Inclusionary Housing Bonus, which would allow for 12.0 FAR for residential use if utilized. This exceptional mixed-use development opportunity is located in the heart of Midtown Manhattan in the midst of major employment centers and world famous attractions. The property’s close proximity to Grand Central provides convenient and accessible transportation throughout the city and greater New York metro area through the and 4, 5, 6, 7, and S subway lines, as well as through the bus system and the MetroNorth Railroad.