- For Sale Guidance Upon Request
- Property Type VacantLand
- Property Size 23,892 SF
- Lot Size 0.55 Acre
- Date Updated May 15, 2026
Description
BKREA has been exclusively retained to arrange for the sale of 591 Park Avenue ("The Property"), a
premier development opportunity in the prestigious Lenox Hill neighborhood of Manhattan. The property is
located on the East side of Park Avenue, between East 63rd and 64th Streets, offering prominent frontage
along Park Avenue. Its flexible zoning and prime location provide developers with a unique opportunity to
capitalize on the high demand for luxury residential properties, as well as hospitality ventures, given its
proximity to Central Park, world-class dining, and top cultural institutions.
Currently, the property consists of a vacant 8,250 square foot existing structure available for
redevelopment. The entire site will be delivered vacant, offering developers the opportunity to
create a modern, high-end development at a maximum of 23,892/ZFA using the Universal
Affordability Preference (UAP) in one of Manhattan’s most sought-after neighborhoods. The
location’s combination of affluent residents, proximity to key commercial hubs, and unparalleled
access to green spaces makes this an exceptional investment opportunity for forward-thinking
developersBKREA has been exclusively retained to arrange for the sale of 591 Park Avenue ("The Property"), a
premier development opportunity in the prestigious Lenox Hill neighborhood of Manhattan. The property is
located on the East side of Park Avenue, between East 63rd and 64th Streets, offering prominent frontage
along Park Avenue. Its flexible zoning and prime location provide developers with a unique opportunity to
capitalize on the high demand for luxury residential properties, as well as hospitality ventures, given its
proximity to Central Park, world-class dining, and top cultural institutions.
Currently, the property consists of a vacant 8,250 square foot existing structure available for
redevelopment. The entire site will be delivered vacant, offering developers the opportunity to
create a modern, high-end development at a maximum of 23,892/ZFA using the Universal
Affordability Preference (UAP) in one of Manhattan’s most sought-after neighborhoods. The
location’s combination of affluent residents, proximity to key commercial hubs, and unparalleled
access to green spaces makes this an exceptional investment opportunity for forward-thinking
developers
Highlights
- Architectural Integration Opportunity - Flanked by two historic buildings, the site invites innovative design that can seamlessly blend modern luxury with timeless architectural elegance.
- Boutique Development Potential - The smaller footprint provides a unique opportunity to craft an exclusive, high-end project tailored to discerning buyers or tenants.
- 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.
- Unrivaled Visibility - Park Avenue frontage ensures high visibility on a wide street, making it an ideal location for a statement residential development.
- Vacant Possession - The existing building will be delivered vacant, providing time and cost savings.
False
Contacts
Bob Knakal
BKREA
Location
Located at 591 Park Avenue, New York, NY 10065, this property is part of the Lenox Hill neighborhood and Manhattan market.
Contact Listing Broker
Bob Knakal
BKREA