April 15, 2019 – Ben Tapper, Senior Managing Director at Lee & Associates NYC, and Peter Carillo, Principal/Senior Managing Director, at HKS Real Estate Advisors, have been named the exclusive brokers for 777 Eighth Avenue, between West 47th and West 48th Streets. There is a 15,000-square-foot mixed building currently on the lot with the opportunity to build up to 50,000 square feet as-of-right. The property will be delivered vacant at closing and features 50 feet of frontage along a prime stretch of Eighth Avenue. Located squarely in the middle of the Times Square neighborhood, 777 Eighth Avenue is being offered for the creation of a 99-year leasehold interest.
“The zoning is very flexible and allows for maximum optionality, making 777 Eighth Avenue ideal for residential, commercial or hotel use,” explains Tapper.
“In addition to the convenience of being just one block from the heart of Times Square and the Theater District, this property will be delivered vacant at closing with all air rights intact,” states Carillo.
Surrounding flagship and destination shopping options include H&M, Forever 21, MAC Cosmetics and M&M’s World store. 777 Eighth Avenue is conveniently located near the A, C, E, N, R, W and 1 subway lines.