The Upper East Side is one of the city’s most coveted residential locations, as well as a medical and educational hub with multiple prestigious schools and hospitals in the immediate area. Mass transit options include the 4/5/6 subway and the 2nd Avenue Subway, Q. The Site is situated two blocks from the FDR allowing convenient access via car. 424 East 90th Street offers a unique opportunity to construct a commercial or community facility building surrounded by an affluent consumer base in the heart of the Upper East Side.
Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the leasehold interest in 424 E 90th Street (the “Property” or “Site”), a 144’ x 100’ development site located in the prestigious Upper East Side neighborhood of Manhattan. Positioned mid-block between 1st and York Avenues, the 14,500 square foot lot is zoned C8-4 allowing for up to 72,500 zonable square feet of commercial and up to 94,250 zonable square feet of community facility. The Site is a rarity as the zoning in the Upper East Side is predominantly residential resulting in minimal opportunities to construct commercial or community facility buildings. The existing premises consists of a two-story structure that is currently occupied by Avis Car Rental until August 2021.