In addition to the development rights of 417 East 61st Street, the neighboring site to the east offers additional air rights, which combined with the subject lot’s air rights, allows for an up to 77,927 square foot commercial development or up to a 102,809 square foot community use development. Both sites are owned by The Colonial Dames of America (“CDA”) and the air rights of 419 East 61st Street are included in this offering. The Mount Vernon Hotel Museum and Garden is located at 419 East 61st Street and is a New York City Landmark. Therefore, light and air to the east will be maintained in perpetuity. 417 East 61st Street is strategically located in the Hospital Corridor which offers easy access to the City’s top hospitals including the Hospital for Special Surgery, New York Presbyterian/Weill Cornell Hospital, Lenox Hill Hospital, and Rockefeller University Hospital. Transportation is also abundant in the area including the 4, 5, 6, N, R and W subways as well as the F and Q subway lines at East 63rd Street. The site also offers convenient access to the FDR and the 59th Street Bridge.