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417 E 61st St - 417 East 61st Street 0.09 Acres of Commercial Land in New York, NY 10065

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INVESTMENT HIGHLIGHTS

  • Upper East Side location
  • Flexible zoning
  • Air rights available from adjoining property

EXECUTIVE SUMMARY

In addition to the development rights of 417 East 61st Street, the neighboring site to the east offers additional air rights, which combined with the subject lot’s air rights, allows for an up to 77,927 square foot commercial development or up to a 102,809 square foot community use development. Both sites are owned by The Colonial Dames of America (“CDA”) and the air rights of 419 East 61st Street are included in this offering. The Mount Vernon Hotel Museum and Garden is located at 419 East 61st Street and is a New York City Landmark. Therefore, light and air to the east will be maintained in perpetuity.
417 East 61st Street is strategically located in the Hospital Corridor which offers easy access to the City’s top hospitals including the Hospital for Special Surgery, New York Presbyterian/Weill Cornell Hospital, Lenox Hill Hospital, and Rockefeller University Hospital. Transportation is also abundant in the area including the 4, 5, 6, N, R and W subways as well as the F and Q subway lines at East 63rd Street. The site also offers convenient access to the FDR and the 59th Street Bridge.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Condition Ground Lease (Leasehold)
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.09 AC
Zoning C8-4 - Full zoning analysis to be provided upon request.

1 LOT AVAILABLE

Lot 10

Lot Size 0.09 AC

Mermel & McLain Management LLC has been retained on an exclusive basis to arrange for a 99-year ground lease of 417 East 61st Street, located between First and York Avenues.

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39135598

  • Date on Market: 2026-01-19

  • Last Updated:

  • Address: 417 E 61st St, New York, NY 10065

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