Development Site Manhattan
Investment Highlights
Midtown Manhattan office opportunity within the MSMX rezoning district, allowing residential conversion or redevelopment. Existing office building situated on a 33' × 100' lot with R12 zoning, 15 FAR, and approximately 49,000 buildable SF. Currently 4 floors the photo is a rendering of what a build out would look like. Excellent repositioning or redevelopment opportunity. Asking: $12.5M (~$255/BSF)
Location
📍 Manhattan
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Who finances deals like this
The lenders with the most recorded development site mortgages in Manhattan since 2021, from public ACRIS filings.
- G4 18267, LLC — 3 loans, typically $1.5M–$68.64M
- Cerco Bl9 LLC — 3 loans, typically $3.07M–$6.91M
- Nw 10 West 17TH Lender LLC — 2 loans, typically $11.32M–$27.68M
- Canada Imperial Bank Of Commerce — 2 loans, typically $1.17M–$18.46M
- Levon 75-83 LLC — 2 loans, typically $4.97M–$5.72M
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Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
