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Prime development site in Gramercy for sale.


Marcus & Millichap Real Estate Investment Brokerage Company has been retained to market a prime development site in the Gramercy gra·mer·cy  
interj. Archaic
Used to express surprise or gratitude.



[Middle English gramerci, from Old French grand merci : grand, great; see grand +
 section of Manhattan.

The site allows for the construction of a building up to 38,615 s/f in a neighborhood featuring some of the highest residential property values in Manhattan.

Located at 148 East 24th St., the parcel encompasses 52 feet by 98.75 feet with a C6-3A zoning and a 7.52 FAR. Currently, the site houses a 20,540 s/f parking garage leased to rental car company, Hertz, until November 30, 2006.

The team of Michael Forrest, David Shorenstein and David Vogel David Vogel is the name of:

David Vogel (Russian writer) (1891-1944), Russian-born Jewish poet, novelist, and diarist.

David Vogel (professor) (b.1949), professor of political science and business, UC Berkeley.
 of Marcus & Millichap's Manhattan office is exclusively representing the seller.

"The purchaser of 148 East 24th will benefit from the extensive condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 development projects in this area, including the ultra-luxurious Gramercy Park Hotel The Gramercy Park Hotel in New York City is a luxury hotel located at 2 Lexington Avenue, next to Gramercy Park, one of only a few private parks in the United States. Hotel history  at 2 Lexington Avenue," notes Vogel.
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Title Annotation:Marcus and Milliehap Real Estate Investment Brokerage Co.
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:4EUGE
Date:Mar 29, 2006
Words:144
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