$77.5 Million Non-Performing Office Loan
US - Washington, DC
€71,072,000 | 28,508 m²
JLL has been retained on an exclusive basis
to arrange for the sale of 1114 First Avenue
(“The Property”), an 8-story commercial
office building located on the northeast corner
of East 61st Street and First Avenue. The
property represents an incredible opportunity
for an investor and/or user to acquire a 43,180
RSF corner property with a clear path to near
Clear Path to Vacancy
The 43,180 (RSF) square foot property will be delivered with a clear path to near term vacancy
Ideal Location bordering the Upper East Side and
The property is ideally located just steps from New York’s premier hospitals as well as direct access to transportation hubs and the United Nations.
C of O allows for 10 parking spaces on the roof which are accessible through a private enclosed loading dock and freight elevator.
Zoning allows usage by Medical, Commercial, and Self Storage users/tenants.
The corner location allows for a strong presence through branded signage, street level retail and ideal light and air throughout the building.
Retail and Freight Elevator Access via Curb Cut
The freight elevator and retail are both accessible via a curb cut and the elevator can bring vehicles to any floor as well as the roof.