Size
400,000 SF
Price/SF
$338
Deal Data
Expertise
NYC Development Sites For Sale
NYC Development Sites
NYC development sites for sale — buildable lots, air rights, and assemblages across Manhattan and Brooklyn. Skyline Properties has closed major NYC development site transactions including 530 West 25th Street ($72M Chelsea dev site) and continues to source off-market development opportunities.
Closed Volume
Largest Dev Site Closed
Verified Buyers
Years in NYC
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)
Track Record
Recent
Size
400,294 SF
Price/SF
$262
Expertise
Size
95,000 SF
Price/SF
$684
SellerLCT Associates
Expertise
Size
84,000 SF
Price/SF
$381
BuyerLee Family (Ui Kun Lee)
SellerAlfredo Li via Mandarin Realty NY LLC
Expertise
Size
50,000 BSF
Price/SF
$360
SellerNonprofit
Deal Data
Expertise
Related Resources
Continue
Development Site Acquisitions
Skyline's full dev-site service practice.
Chelsea Development Sites
High Line corridor development opportunities.
Brooklyn Development Sites
Williamsburg, Bushwick, Bed-Stuy, Crown Heights.
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.
$976M+ in Closed Deals
Browse the Skyline transaction database.
530 West 25th Street ($72M)
Skyline's Chelsea dev site sale.
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 and has closed major Manhattan dev-site deals including 530 West 25th Street ($72M Chelsea).
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.
Schedule a Confidential Consultation