Avison Young Tapped to Market Redevelopment Opportunity in Manhattan

NEW YORK—Avison Young’s New York City office has been tapped to exclusively market for sale 234-238 East 85th Street on Manhattan’s Upper East Side on behalf of the property ownership. The property, a garage building, is positioned for redevelopment for both residential and commercial uses.

The Avison Young team handling the assignment on behalf of a group of domestic and foreign investors includes Principals Vincent Carrega, Jon Epstein, Neil Helman and Charles Kingsley.

Built in 1930, the six-story building has a total gross building area of 53,221 sq. ft. and is situated on an 8,225-sq.-ft. lot. The above-grade building area is 45,134 sq. ft., with a typical floor plate of approximately 7,500 sq. ft. The structure is currently being operated as a parking garage.

The property is situated in a zoning district that permits the development of residential, commercial and community facility uses. It is in close proximity to the Lexington Avenue subway line.

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