NEW YORK, NY– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market two 12-story office buildings encompassing 56,724 square feet in Midtown Manhattan’s NoMad neighborhood.
Brian Hosey (top right photo), an associate in Marcus & Millichap’s Manhattan office, is representing the seller.
“The buildings are prominently located on the south side of East 33rd Street between Madison Avenue and Fifth Avenue,” says Hosey.
“They are currently 100 percent leased to a diverse group of tenants at below-market rates but one or both could be converted into condominiums, high-end apartments or a boutique hotel.”
The properties are located at 10 East 33rd St. and 12 East 33rd St. in Manhattan.
The location is adjacent to the Empire State Building (lower left photo), which receives more than 15,000 visitors daily. The buildings are also steps from Madison Square Garden, Madison Square Park and the prime Fifth Avenue and 34th Street retail corridors. Direct access to major transportation hubs such as the No. 6 line subway station, Penn Station, Grand Central Station, the Midtown Tunnel and the Lincoln Tunnel is nearby.
The two office buildings feature 22 full-floor office lofts and 4,000 square feet of ground floor retail. The properties total 50 feet of frontage on East 33rd Street (Block: 862, Lots: 66 and 67). Both buildings are situated on 25-foot by 98-foot lots and are built 25 feet by 94 feet. The properties are zoned C5-2 (R10A equivalent).
The buildings have received significant improvements, including new lobbies and new elevators within the last year. Both properties have private security and a full-time super on the premises.
Contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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