Development Site Advisors

Development Site Advisors development site advisors® is a niche brokerage and advisory firm, focusing solely on selling development sites in NYC and the outer boroughs.

The firms office is located in Midtown Manhattan.

06/10/2026

The most-read story from last week’s Developer’s Digest® was published by 6sqft and covered the approval by the Landmarks Preservation Commission of a plan to convert the Classical Revival-style building at 26 Bleecker Street in NoHo—formerly Manhattan’s only Planned Parenthood clinic—into 15 luxury condominium residences.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:

bit.ly/3Qg1qXV

06/09/2026

Development Site Advisors® exclusively sold 47-01 Northern Boulevard in a true all-cash transaction valued at $31 million.

The site was sold with all tenants in place and a path to future vacancy. The purchaser plans to develop two 11-story, 99-unit mixed-use rental apartment buildings.

The sales price equates to approximately $207 per buildable square foot (ZFA), setting a record for a spot-rezoned MIH development site in Queens, and approximately a 3% cap rate on existing income.

06/02/2026

The most-read story from last week’s Developer’s Digest® was published by Bisnow and covered Mayor Mamdani’s release of his 112-page housing agenda, "Block by Block," which aims to create 200,000 new housing units and preserve 200,000 existing units over the next decade. The plan is backed by $22 billion in capital investment over five years and includes $2.5 billion annually for affordable housing development, expanded pathways for city takeovers of distressed properties, density bonuses around transit stations across all five boroughs, and stronger enforcement against negligent landlords through criminal charges and lender-coordinated foreclosures. REBNY raised concerns over the proposed Project Labor Agreements, while the New York Apartment Association criticized the plan’s approach to addressing distress in rent-stabilized buildings.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:

bit.ly/3Qg1qXV

05/28/2026

Development Site Academy™ | Zoning 101: Enclosure

In Commercial and Manufacturing districts, zoning often requires uses to operate within enclosed buildings to reduce nuisances and maintain an organized streetscape. However, certain uses are permitted to occur partially or fully outdoors.

If you're looking for guidance, reach out to our Managing Principals today:
Rubin Isak: 212-875-1800 x 3488 | [email protected]
Lev Kimyagarov: 212-875-1800 x 3484 | [email protected]

05/27/2026

The most-read story from last week’s Developer’s Digest® was published by Bisnow and covered how Mayor Mamdani's administration has launched a neighborhood rezoning process targeting commercial corridors along Coney Island Avenue and McDonald Avenue, south of Prospect Park in Brooklyn — including areas known as Little Bangladesh and Little Pakistan — to allow for new apartment buildings near transit. The city also advanced planning for White Plains Road in the North Bronx, marking the first rezoning effort in the area to account for the planned Interborough Express light rail. No formal zoning proposal has been released yet, though a concept map is expected next year as part of Mamdani’s goal to add 200,000 new housing units citywide.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:
bit.ly/3Qg1qXV

At Development Site Advisors, we honor the heroes who gave everything for our freedom. We remember their sacrifice.
05/25/2026

At Development Site Advisors, we honor the heroes who gave everything for our freedom. We remember their sacrifice.

05/19/2026

The most-read story from last week’s Developer’s Digest® was published by 6sqft, covering how Mayor Mamdani's administration launched a public engagement process for Fulton-Howard West, a proposed 100% affordable mixed-use development on city-owned land at 1958 Fulton Street in Bedford-Stuyvesant. The project will redevelop the Bedford-Stuyvesant Multi-Service Center alongside adjacent vacant lots, preserving and expanding community services for CAMBA HomeBase and Little Flower Children & Family Services. It is the first public land development site announced under the Mamdani administration.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:

bit.ly/3Qg1qXV

05/12/2026

The most-read story from last week’s Developer’s Digest® was published by The Real Deal. More than a month behind schedule, Gov. Kathy Hochul announced the framework of a $268 billion state budget deal that includes a pied-à-terre tax on New York City second homes valued at $5 million and above, expected to raise $500 million annually. The budget also modernizes environmental review by exempting qualifying projects of up to 500 units in medium- and high-density areas, and scales back the city’s 2030 carbon emissions targets to help lower utility costs.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:
bit.ly/3Qg1qXV

05/05/2026

The most-read story from last week’s Developer’s Digest®, published by New York YIMBY: Phipps Houses has broken ground on the third and final phase of the Atlantic Chestnut master plan at 275 Chestnut Street in East New York.

Designed by Dattner Architects, the 14-story building will deliver 327 affordable units, adding to the 840 already completed and bringing the 4.5-acre development to a total of 1,167 units. The project will also include a supermarket and community facility space, further supporting the surrounding neighborhood.

To read more stories like this and stay up to date on the latest news in the development world, subscribe to our Developer’s Digest® using the link below:

bit.ly/3Qg1qXV

04/29/2026

Development Site Advisors® has just closed the sale of 114 Adelphi Street in Fort Greene, Brooklyn for $1,900,000 ($380/ZFA) — all-cash and at full asking price. The 25′ × 100′ vacant lot sits in an R6B zoning district and allows for a 5,000 ZFA boutique condominium project. Development Site Advisors® was the exclusive and sole broker in the transaction.

If you own a development site and would like a confidential valuation, we'd welcome the conversation.

Rubin Isak · 212-875-1800 x 3488 · [email protected]
Lev Kimyagarov · 212-875-1800 x 3484 · [email protected]

Address

275 Madison Avenue, 16th Floor
New York, NY
10016

Telephone

+12128751800

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