146 East 56th Street

Cushman & Wakefield has been exclusively retained to market the sale of 146 East 56th Street, a premier boutique development opportunity situated in Manhattan’s prestigious Plaza District. The 4,020-square-foot lot measures 40 feet wide by 100 feet deep and will be delivered vacant, allowing a developer to begin the planning and filing process immediately. The property offers a base as-of-right FAR of 10.0, with an additional 2.0 FAR secured through previously acquired Inclusionary Housing (IH) certificates, bringing the total permitted zoning floor area to approximately 48,240 square feet without requiring affordable housing. These certificates also provide greater flexibility in floor plate design and allow for a higher street wall than standard as-of-right zoning would typically permit. Ideally positioned near Billionaires’ Row, major Fortune 500 offices along Park and Lexington Avenues, and the world-renowned Fifth Avenue retail corridor, the site benefits from an exceptional Manhattan location. The existing three-story, 12,000-square-foot building is vacant and can be readily demolished, while preliminary zoning studies and test-fit layouts prepared by leading architecture firm Hill West demonstrate efficient construction potential and high-quality residential unit designs. With no existing tenants or affordable housing obligations, 146 East 56th Street represents a rare opportunity to acquire an unencumbered boutique residential development site in one of Manhattan’s most sought-after submarkets.