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306 East 61st Street New York, NY

Property Overview
The Property is a 7-story boutique office building located at 61st Street between 1st and 2nd avenues of New York’s Upper East Side. The building contains approximately 81,000 rentable square feet with floor plates that average approximately 12,000 rsf. The Property is currently leased to a collection of showroom tenants.

Investment Overview
The Property represents a rare opportunity to acquire a Manhattan office building that can be readily vacated and converted to an alternate use. The Property’s full size, floorplates and location make it ideally suited for a conversion to a boutique medical building..

Property
81,000 office building

Acquisition Date
February 2018

Purchase Price
$47,000,000

Status
Unrealized

Strategy
Value-add

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