NEW YORK CITY-The new ownership of a development site on East 62nd St. is looking to build a nearly 100,000-square-foot building at the propperty.
The new owners YYY 62nd Street LLC recently purchased the property at 330 E. 62nd St. from the Catholic Archdiocese of New York, according to Crain's New York Business. The new owner believes the eight-story building will cost between $40 million to $50 million to develop. YYY 62nd Street is considering education, medical and/or student and resident doctor housing for the property. The site is currently zoned for community faciility use.
"It's the strongest medical neighborhood in the country, almost all the major hospitals in New York City have space on the Upper East Side," says Justin DiMare, a broker with Newmark Grubb Knight Frank, who is marketing the building to prospective tenants for the new ownership with colleague Howard Kesseler. See story in Crain's New York Business.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
