150-154 West 85th Street

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 150 West 85th Street, a trophy property nestled in the heart of the Upper West Side. The subject property is located on the south side of West 85th Street between Columbus and Amsterdam Avenues, just out of the reach of landmark and historic district jurisdiction. The site presents a unique opportunity for either continued educational facility use or seasoned developers looking to take advantage of the property’s location within an incredibly supply constrained residential neighborhood. 150 West 85th Street features 75’ of frontage and is currently improved with a six-story, approximately 30,009 square foot structure that is occupied by Mannes College the New School for Music, a highly respected musical institution. The property also contains approximately 6,142 square feet of below grade space for total gross square feet of approximately 36,151, making this a rare opportunity to purchase a large footprint in one of the country’s most desired neighborhoods. The property’s R8B zoning offers 4.0 FAR as-of-right, equating to a maximum of approximately 26,300 buildable square feet. However, due to the fact that the structure is overbuilt, developers have the option to potentially convert the existing building to utilize the additional 3,709 square feet, rather than completely demolish the current structure. The building will remain occupied by The New School until August 2015. The midblock site is surrounded by an abundance of elite schools, global attractions such as Central Park and the American Museum of Natural History, and easily accessible public transportation options in the 1, B and C Subways. For the aforementioned reasons, 150 West 85th Street presents a truly unique offering for an end user to accompany the likes of other highly-respected institutions or a savvy developer looking to create a luxurious opportunity within the prestigious Upper West Side neighborhood of Manhattan.