591 Park Ave
Location
BKREA has been exclusively retained to arrange the sale of 591 Park Avenue (“The Property”), a prime development site in the prestigious Lenox Hill neighborhood of Manhattan.
Property Overview
• Location: East side of Park Avenue, between East 63rd & 64th Streets.
• Frontage: Prominent Park Avenue exposure in a high-demand luxury corridor.
• Existing Structure: 8,250 SF vacant building, primed for redevelopment.
Zoning & Development Potential
• Max ZFA: 23,892 SF (with Universal Affordability Preference – UAP).
• Flexible zoning allows for luxury residential or hospitality use.
• Delivered vacant, allowing for full-scale redevelopment.
Unmatched Location & Accessibility
• Steps from Central Park, providing prestige and desirable green space access.
• Surrounded by world-class dining, luxury retail, and renowned cultural institutions.
• Easy access to Midtown’s commercial district, attracting high-net-worth residents and investors.
591 Park Avenue presents a unique opportunity for developers to create a high-end residential or hospitality project in one of NYC’s most exclusive neighborhoods.
- Prime Park Avenue Address - Located on one of Manhattan's most iconic avenues, 591 Park offers unmatched prestige and visibility in the heart of the Upper East Side.
- Steps from Central Park - Just a short stroll to Central Park, the site provides future residents or tenants with access to one of the world's most renowned urban green spaces.
- Vacant Possession - The existing building will be delivered vacant, providing time and cost savings.
- Architectural Integration Opportunity - Flanked by two historic buildings, the site invites innovative design that can seamlessly blend modern luxury with timeless architectural elegance.
- Unrivaled Visibility - Park Avenue frontage ensures high visibility on a wide street, making it an ideal location for a statement residential development.
- Boutique Development Potential - The smaller footprint provides a unique opportunity to craft an exclusive, high-end project tailored to discerning buyers or tenants.