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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Property Description

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.

Investment Highlights

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.
Last Updated Date: 14 Sep 2020
Steven Rutman
Steven Rutman
Director, Capital Markets
License details
NJ-1220994 PA-RS320021 NY-10401278083
Tom Gammino Jr
JLeg Producer

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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 14 Sep 2020

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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