Description

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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