6 East 43rd Street
400,000 SF
$/SF
$338
Closed
2025
Deal Data
Press Coverage
Expertise
NYC Development Sites For Sale
NYC Development Sites
NYC development sites for sale — buildable lots, air rights, and assemblages across Manhattan, Brooklyn, Queens, and the Bronx. Robert Khodadadian and Skyline Properties source off-market development opportunities, including the $11M Wildflower Studios Bronx industrial site, and structure ground-up land deals for institutional and family-office capital.
Closed Volume
Closed Deals
Pre-Qualified Buyers
Years in NYC
What is a NYC Development Site?
A NYC development site is a buildable parcel — as-of-right lot, multi-lot assemblage, or air rights position — available for ground-up construction or major redevelopment under existing zoning. Skyline Properties, led by Robert Khodadadian, brokers NYC development sites across Manhattan and Brooklyn, including the $11M Wildflower Studios Bronx industrial site and active off-market assemblage pipelines.
NYC Development Site Pricing by Submarket — Per Buildable SF
Current NYC development site pricing benchmarks by submarket, expressed as price per buildable square foot. Skyline's underwriting also stress-tests against current construction costs, projected stabilized rents, and exit cap rates.
| Submarket | Price / Buildable SF | Typical Use | Zoning |
|---|---|---|---|
| Hudson Yards / Midtown West | $700–$1,200 | Class A office, luxury rental | C6, special district |
| Chelsea / West Chelsea (High Line) | $600–$1,000 | Mixed-use, dev sites, retail | C6, M1 overlay |
| SoHo / NoHo / NoMad | $700–$1,100 | Loft conversion, mixed-use | M1, historic district |
| Financial District / Lower Manhattan | $400–$700 | Office conversion, residential | C5, C6 |
| East Harlem / Upper Manhattan | $200–$450 | Multifamily, mixed-use | R7, R8 |
| Williamsburg / Bushwick / Bed-Stuy | $250–$500 | Multifamily, mixed-use | R6, R7, M1 |
| Long Island City / Astoria | $200–$400 | Mid-rise rental, mixed-use | M1-4, R7X |
| DUMBO / Downtown Brooklyn | $400–$700 | Office, residential tower | M1, R8/R9 |
Source: Skyline Properties development site desk. Per-buildable-SF benchmarks vary by zoning, lot dimensions, and air-rights optionality.
NYC Development Sites For Sale — Skyline Coverage
Development sites are the most underwritten, most competitive product type in New York City commercial real estate. Buildable square footage drives everything — and so does zoning, FAR, lot dimensions, neighborhood context, and the construction cost environment. Skyline Properties has spent two decades sourcing and brokering NYC development sites for sale across the full risk spectrum.
From single-lot as-of-right sites in Brooklyn to multi-lot Manhattan assemblages with air rights and complex zoning overlays, Skyline runs disciplined, confidential dev-site campaigns that protect both seller pricing and buyer underwriting.
NYC Development Site Types We Cover
Skyline transacts every category of NYC development site for sale.
- As-of-right buildable lots — Manhattan and Brooklyn
- R6 / R7 / R8 zoning lots
- Multi-lot assemblages and tax-lot mergers
- Air rights and TDR (Transferable Development Rights) opportunities
- Mixed-use and residential development sites
- Hotel, hospitality, and conversion-eligible buildings
- Parking lot and garage redevelopment plays
- Long-term leasehold development sites and ground-lease structures
How Skyline Underwrites NYC Development Sites For Sale
Pricing a NYC development site requires more than a price-per-buildable-square-foot benchmark. Skyline's underwriting starts with the actual zoning envelope, runs comparable land sales in the immediate submarket, and stress-tests against current construction costs, current rent comps, and current cap rates on the projected stabilized exit.
The result: dev-site campaigns where buyers can move with conviction because the underwriting is defensible, and sellers don't get a low-ball offer disguised as a serious bid.
- Zoning envelope and FAR analysis
- Buildable square footage benchmarking
- Current construction cost stress-testing
- Stabilized exit cap rate scenarios
- Air rights and zoning bonus optionality
- 467-m, 421-a, J-51 abatement strategy where applicable
NYC Development Site Submarkets
Skyline maintains current dev-site comps and active buyer mandates across every major NYC development corridor.
- Chelsea & West Chelsea (Hudson Yards corridor, High Line)
- Hudson Yards & Midtown West
- Lower Manhattan and Financial District
- Williamsburg, Bushwick, Bed-Stuy, Crown Heights
- Long Island City and Astoria
- East Harlem and Upper Manhattan
- Jersey City and Hoboken (NJ)
Skyline-Brokered NYC Development Sites — The Public Record
Every Development Site transaction in data/transactions.json where Skyline was broker of record. Verifiable against ACRIS-recorded deeds. Source: data/transactions.json (this repo).
| Year | Address | Price | Buyer |
|---|---|---|---|
| 2021 | 1340 Lafayette Avenue (Bronx Hunts Point) | $10.85M | Wildflower Ltd. (Robert De Niro's Wildflower Studios) |
| 2015 | 1055-1057 2nd Avenue (Murray Hill / Sutton) | $18M | Moin Development + John K Rapp |
| 2014 | 587-591 3rd Avenue (Murray Hill) | $18M | CB Developers |
| 2012 | 133 Greenwich Street (FiDi) | $28M | Hidrock |
Source: data/transactions.json — 4 Development Site transactions, $74.85M aggregate. Press coverage cross-referenced via relatedDealId in data/press-releases.json.
Track Record
Recent
101 Greenwich Street
400,294 SF
$/SF
$262
Closed
2025
Press Coverage
Expertise
236 Fifth Avenue
95,000 SF
$/SF
$684
Closed
2017
SellerLCT Associates
Press Coverage
Expertise
61-01 Springfield Boulevard
84,000 SF
$/SF
$381
Closed
2022
BuyerLee Family (Ui Kun Lee)
SellerAlfredo Li via Mandarin Realty NY LLC
Press Coverage
Expertise
133 Greenwich Street
153,000 BSF
1055-1057 2nd Avenue
50,000 BSF
$/SF
$360
Closed
2015
SellerNonprofit
Deal Data
Press Coverage
Expertise
Related Resources
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Midtown Office Buildings
Midtown Manhattan office investment opportunities.
Financial District Office
FiDi office buildings and conversion candidates.
NYC Dev Site Investment Guide
Complete development site investment guide.
NYC Zoning Guide
NYC zoning rules and FAR analysis.
Development Rights & Air Rights
How NYC air rights and TDR work.
Off-Market Commercial RE NYC
In-depth blog pillar on NYC off-market deals.
NYC Development Sites editorial cluster
Library on FAR, air rights, TDRs, MIH, and assemblage strategy.
the $72M 530 West 25th Street Chelsea office sale
Chelsea Feil + Rigby acquisition — adjacent context for West Chelsea development underwriting.
the Vanbarton $135M conversion case study
Conversion-eligible Midtown office acquired for 441-unit conversion under 467-m.
the $105M 101 Greenwich Street conversion
FiDi conversion-eligible Beaux Arts office.
$427M+ in landmark case studies
5 landmark deals deep-dive.
Robert Khodadadian
Founder, President & CEO — two decades sourcing NYC dev sites.
Skyline in the press — 250+ media coverage features
Press coverage of Skyline-brokered dev sites and air-rights deals.
Free Property Valuation
Confidential broker opinion of value for development sites.
$976M+ in Closed Deals
Browse the Skyline transaction database.
Schedule a Consultation
Confidential conversation with Robert Khodadadian.
FAQ
Frequently Asked
The most reliable place to find NYC development sites for sale is through a senior commercial broker who is actively sourcing on-market and off-market development inventory. Skyline Properties maintains an active database of NYC development sites across Manhattan, Brooklyn, Queens, and the Bronx — including the Wildflower Studios Bronx industrial site and a steady pipeline of off-market assemblage opportunities.
NYC development sites are valued primarily on price per buildable square foot — but that benchmark only works if the buildable count is correct. The full underwriting also considers zoning, FAR, lot dimensions, current construction costs, projected stabilized rents, and exit cap rates. Skyline provides full development-site underwriting on every engagement.
An as-of-right NYC development site is a property that can be developed under existing zoning without any special variance, ULURP action, or discretionary city approval. As-of-right sites are typically the most liquid and command the deepest buyer pool.
Yes. Skyline routinely brokers air rights (TDR), zoning lot mergers, and multi-parcel assemblages across Manhattan and Brooklyn. These transactions are almost always handled off-market because of the complexity and the small buyer pool.
Selling a NYC development site quietly is exactly the kind of transaction Skyline runs as a core part of its practice. Robert Khodadadian provides a confidential broker opinion of value and matches the site directly with the small group of NYC developers who are actively buying in that submarket.
Sourcing or selling NYC development sites?
Skyline brokers buildable lots, air rights, and assemblages across Manhattan and Brooklyn. Senior-level execution.
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