25 West 45th Street
25 West 45th Street, New York, NY, 10036, US
17 687 mètres carrés
Descriptif
Jones Lang LaSalle (“JLL”) has been exclusively retained to market, via public auction, the fee simple interest in 30 East 40th Street, a 13-story, 84,292-square-foot mixed-use office building located between Madison and Park Avenues in the heart of Midtown Manhattan. The property is currently occupied by a stable roster of medical and dental tenants, a tenant base that has historically demonstrated strong retention and long-term occupancy.
With 23 vacant units, the asset presents a compelling value-add opportunity through lease-up and strategic capital improvements. Additionally, the property's flexible Midtown zoning creates the potential for office-to-residential conversion and long-term redevelopment, further enhanced by eligibility for attractive tax incentive programs, including the 467-m abatement.
BANKRUPTCY AUCTION 10/27/26 - QUALIFYING BIDS DUE BY 10/22/26
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Attributs
Auction Date
October 27th, 2026
Block & Lot
869 / 49
Stories
13
Building Dimensions
75' x 86'
Rentable Square Feet
84,292
Gross Square Feet
71,063
Lot Dimensions
75' x 98.75'
Lot Square Footage
7,406
Zoning
C5-2.5 / MID (R10 Equivalent)
Air Rights
None - Excess Air Rights Have Been Sold
Média
Points forts de l'investissement
- BUILDING SOLD THROUGH PUBLIC AUCTION
- GENEROUS FRONTAGE AND EFFICIENT LAYOUTS
- ATTRACTIVE VALUE-ADD OPPORTUNITY
- INSTITUTIONAL-GRADE MIDTOWN LOCATION
- STICKY, MEDICAL-ORIENTED TENANT BASE
- MULTIPLE PATHS TO VALUE CREATION
- STRONG MIDTOWN OFFICE FUNDAMENTALS
- RESIDENTIAL CONVERSION POTENTIAL WITH TAX INCENTIVES
- UNMATCHED TRANSIT ACCESSIBILITY
- AMENITY-RICH SURROUNDING ENVIRONMENT
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30 East 40th Street (0 Propriétés)
