Barnett is the king of assemblages. This particular site won’t hold much, but he’s likely got an eye on putting pieces together.
Quote:
Barnett’s exact plans for the property were not disclosed, but the CBRE team marketed the property as an opportunity for an office-to-residential conversion eligible for tax abatements. A new residential building on the site could span about 89,000 square feet, while a mixed-use building could cover roughly 112,000 square feet, Crain’s reported. The project also comes with the opportunity for a transit improvement bonus if the developer improves a nearby subway station, according to the outlet.
A residential building could span about 89,000 square feet and stand 370 feet tall, while a mixed-use building could span about 112,000 square feet, according to the marketing materials. The property also qualifies for a transit improvement bonus that could increase its size to 379 feet tall and about 114,000 square feet for a mixed-use project if a developer makes improvements to a nearby subway station.
AJC sells its longtime Manhattan headquarters for $39 million
The organization tells eJP that it is relocating, but staying in New York City, as it sells its headquarters for the past 67 years
By Judah Ari Gross
May 28, 2026
Quote:
The sale of the AJC building, which was first reported by the industry publication The Real Deal on Tuesday, appears to be linked to a larger development project two blocks away on Park Ave, though it is not immediately clear how.
I recall looking at ACRIS for 400-410 Park, and I recall that JAB owns one of those buildings. I’m pretty sure that JAB owns the building just west of this one too.
Maybe this somehow relates to the rumored redevelopment of 400-410 Park.
NEW YORK | 165 E. 56th St. | FT | FLOORS
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