FOR ANY QUESTIONS/INQUIRIES, PLEASE CONTACT:

Peter Takiff646.658.7354ptakiff@easternconsolidated.com
Daun Paris646.658.7323dparis@easternconsolidated.com
Peter Hauspurg646.658.7309phauspurg@easternconsolidated.com

MAILING ADDRESS:

c/o REM Residential36 West 37th Street | 8th FloorNew York, NY 10018

FOR ANY QUESTIONS/INQUIRIES, PLEASE CONTACT:

Peter Takiff646.658.7354ptakiff@easternconsolidated.com
Daun Paris646.658.7323dparis@easternconsolidated.com
Peter Hauspurg646.658.7309phauspurg@easternconsolidated.com

MAILING ADDRESS:

c/o REM Residential36 West 37th Street | 8th FloorNew York, NY 10018

Prime Upper East Side Development Site For Sale Through Eastern Consolidated


Drawings Prepared for New 21-Story Residential Tower To Rise at 305 East 85th Street

New York, NY - January 10, 2007 - A development site on the much sought-after densely populated Upper East Side of Manhattan at 305 East 85th Street has come to market through Eastern Consolidated. 

Eastern's Alan P. Miller, Senior Director, is promoting the sale of the L-shaped vacant parcel that wraps the northeast corner of Second Avenue and East 85th Street with 50 of frontage along Second Avenue and 28 of frontage along East 85th Street. Potentially, the site could accommodate a 105,000-square-foot 21-story residential building in arguably one of the City's most affluent neighborhoods. 

According to Mr. Miller, there are advanced design and development plans in place for the site. This is a rare opportunity to acquire a site that is poised for immediate development. 305 East 85th Street is only a short walk from the 4,5,and 6 subway lines and FDR Drive, and just south of East 86th Street, which is bustling with new residential development and a wide variety of trendy retail stores. 

The bid deadline for the sale is Wednesday, February 7th at 3pm.  For further information about the sale, please contact Mr. Miller at Eastern Consolidated's office, 212 499-7700.

Eastern Consolidated
Founded in 1981, Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, combining an unrivaled expertise in the greater New York marketplace with a worldwide roster of institutional and private investor clients.  Over the years, it has been responsible for the acquisition, disposition and finance of all types of properties, including office and apartment buildings, lofts, factories, hotels, shopping centers, commercial and residential development sites, taxpayers, parking garages and lots, retail condominiums and air rights transfers.  


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