Manhattan cityscape withskyscrapers , New York City. Shutterstock.

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NEW YORK CITY- Jones Lang LaSalle has launched marketing effortsfor 537 West 59th St. on the Upper Westside in Manhattan. Theproperty is located betweenAmsterdam and West End Avenues. The 75-foot wide development siteis currently zoned for up to 48,952 buildable square feet or 52.368gross square feet. The asking price is $22.5 million, or anestimated $460 per buildable foot. 

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Property characteristics includean existing 18,000-square-foot, three-story television productionstudio that will be delivered vacant. The lot area is 7,531 squarefeet and carries a C6-2 zoning designation, offering differentpotential uses, including residential, hotel, office, medical orcommunity facility. 

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The property at 537 West 59thStreet is in proximity to Midtown West, Lincoln Square and ColumbusCircle. It is less than a block from Riverside Center, the home ofrecently completed mega-projects from Silverstein Properties,Dermot Companies and CIM Group. The development site offersconvenient connectivity throughout Manhattan with access to the A,B, C, D, 1 and 2 trains at Columbus Circle.

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.