432 Park Avenue

432 Park Avenue

Park Ave & E 57th St, New York, NY 10022, USA

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This premier development site, long considered one of the most desirable development locations in North America, includes the site of the former Drake Hotel along with adjoining parcels along 56th and 57th street, with a footprint of approximately 33,000 square feet.  The site contains more than 80 contiguous feet of frontage along East 57th Street, some of the most visible flagship retail space in New York City.


Investment Highlights
  • Located in the Plaza district with proximity to multiple New York City landmarks including Central Park, the famed FAO Schwartz toy store, Rockefeller Center, and many of the city’s tallest skyscrapers
  • Walking distance to some of the most trafficked shopping and tourist destinations in the world
  • Three blocks to nearest NYC Subway station
CIM views urban investing as a discipline rather than a market niche or a trend.

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