25 West 45th Street
25 West 45th Street, New York, NY, 10036, US
17.687 m²
Descripción
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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Atributos
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
Media
Aspectos destacados de la inversión
- 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 Propiedades)
