Bankruptcy Sale: One Bennett Park

Bidding Deadline: September 19, 2019 at noon
Auction Date: No Later than October 10, 2019*
*Exact date will be announced following the bid submission

Situation Overview

Keen-Summit Capital Partners LLC  and Ariel Property Advisors, LLC, have been jointly engaged by Jackson Overlook Corp., DIP and Fort Tryon Tower SPE LLC DIP, to act at real estate advisor to conduct a bankruptcy sale and auction of the development site known as “One Bennett Park,” located at 29-35 Overlook Terrace, 730-734 West 184th Street, and 524 Fort Washington Avenue, Manhattan, New York. This unique site, with 117’ of frontage, presents developers with the opportunity to build the first new high-rise in this highly sought-after Hudson Heights neighborhood of Washington Heights. No other development opportunities with such tremendous scale and a centralized, accessible location exist in Northern Manhattan.

One Bennett Park - Property Highlights

Virtual Data Room

Jackson Overlook Approved Bid Procedures

Order Approving Bid Procedures

  • Flyer Capture
  • 29 Overlook Terrace New York, NY-18 L4
  • 29 Overlook Terrace New York, NY-20 L4
  • 29 Overlook Terrace New York, NY-23 L4
  • 29 Overlook Terrace New York, NY-2 L4

OFFERING HIGHLIGHTS:

Undeveloped lots to the South and West of the Intersection of Overlook Terrace and West 184th Street

  • Block: 2180 / Lot: 62, 64, Access to Fort Washington Avenue (Lots 27 & 63) via agreement with FTJC
  • Zoning: R7-2
  • FAR: 3.44 (Residential); 6.50 (w/ Community Facility)
  • Site Lot Area: 42,441 Sq. Ft.
  • Maximum Allowable Residential Area: 145,997 as-of-right
  • Maximum Allowable Zoning Floor Area: 275,867 w/ Community Facility

Neighborhood Features:

  • On-site entrance to the A-train, 181st Street
  • Yeshiva University
  • New York Presbyterian Hospital
  • Exceptional school district (PS 187)
  • Charming neighborhood shops and eateries
  • Bennett Park
  • Ft. Tryon Park and the Cloister Museum
  • Bustling retail along West 181st and 187th Street
  • Close proximity to the West Side Highway
  • Close proximity to George Washington Bridge