BKREA has been retained on an exclusive basis to arrange for the sale of 339-345 East 33rd Street (“The Site”), an incredible mixed-use development opportunity in the Kips Bay neighborhood of Manhattan. The site is located on the north side of East 33rd Street between First and Second Avenues and benefits from a significant frontage of 90 feet. Currently, the tax lot is improved with four, fourstory buildings.

While some tenants are in place, the current ownership is working on delivering the site vacant. At 339 East 33rd Street, there are 3 RS tenants and 1 RC tenant. At 341 East 33rd Street, there is 1 RS tenant, and 343 East 33rd Street has 1 RS tenant. A potential purchaser can either buy the site as-is or make an offer contingent upon the site being delivered vacant.

The development lot has a frontage of 90 feet and covers approximately 8,888 square feet. It is located in the C1-9A (R-10A equivalent) zoning district and is also within an MIH area, which allows for an as-ofright FAR of 12.0 for residential use. This translates to an as-of-right ZFA of 122,846 square feet. Additionally, ownership has purchased the air rights from the adjacent Lot 23, increasing the maximum ZFA to 130,350 square feet.