17 E 47th St, New York, NY, 10017-1920, US

17 E 47th Street

Asset Description

The building will be delivered vacant and is a perfect opportunity for user groups, value-add investors and commercial developers alike. With ~19,666 rentable square feet, in one of Manhattan’s most desirable office locations, 17 East 47th Street could serve as the ideal home to non-profit and cultural institutions. The proximity to the United Nations and original building facade makes this an especially attractive option for consulates, missions and embassies.

The generous zoning (FAR of 15.0) and excess air rights (~20,485) also presents a significant boutique office redevelopment opportunity. In total, there are over 38,000 buildable square feet available to any institution or investor looking to plant their flag in the heart of Midtown Manhattan.

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Attributes

Building area gross

1,827 m²

Year built

1932

Land area gross

232 m²

Number of units

Media

Investment Highlights

.JLL has been retained on an exclusive basis to arrange the sale of 17 East 47th Street, a vacant, 8-story commercial property in Midtown. Located between Fifth & Madison Avenues, the property is surrounded by Rockefeller Center, Grand Central Station,

Bryant Park, the Midtown Office Core and luxury retailers along Fifth & Madison Avenues.