The Real Deal New York

Rare UWS development site hits the market

March 11, 2013 05:30PM

As non-profit organizations continue to struggle, many are liquidating real estate assets. The latest is 210 West 77th Street, which the Jewish Board of Family and Children’s Services is offering, according to a report from Crain’s.

The building, between Broadway and Amsterdam Avenue, is currently a parking garage, but could accommodate a building 185 feet tall, and up to 100,000 square feet, Crain’s said. Experts told Crain’s the site could fetch as much as $45 million.

“The seller is taking advantage of an extraordinarily hot land market,” Bob Knakal, chairman of Massey Knakal Realty Services, which is representing the seller, told Crain’s. “There haven’t been many development sites to hit the market on the Upper West Side in recent years.” [Crain’s] –Guelda Voien