Friday, December 25, 2015

HFF named to market for sale 885 10th Avenue in Manhattan Midtown West, NYC

885 10th Avenue, Midtown West Neighborhood, Manhattan, NYC

Eric Anton
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale 885 10th Avenue, a newly-renovated, six-story, 37,000-square-foot, elevator mixed-use residential and retail building located on the southwest corner of 58th Street and 10th Avenue in Manhattan’s Midtown West neighborhood.

885 10th Avenue is situated to the west of the Midtown office market, south of Lincoln Square and the Upper West Side residential neighborhoods, east of the West Side Waterfront and north of the Hudson Yards mixed-use project. 

The property has 36 newly-upgraded, 97-percent-leased one- and two-bedroom units, which feature chef-style kitchens with Caesarstone countertops and stainless steel appliances; stone-tiled bathrooms with custom Carrera marble vanities; and wide-plank oak flooring. 

Other amenities include a new roof deck, laundry facilities, bike/general storage and a smartphone-based intercom system.  Additionally, the property has two ground-floor retail spaces that are 100 percent leased and approximately 19,700 square feet of buildable air rights.

The HFF investment sales team representing the seller is led by senior managing director Eric Anton, managing director Jeff Julien and associate director Steven Rutman.

Jeff Julien
“885 10th Avenue is located on a prize corner, offering an owner upside from both retail and residential rents that are currently significantly below market, as well as future profits from the intact air rights. 

"Furthering its appeal, the building has been completely renovated to luxury condominium standards and offers residents the ability to walk to work anywhere on Manhattan’s booming west side,” said Anton.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

No comments: