
New York Commercial Office
New York
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ASSET DESCRIPTION
This commercial office building, acquired in 2007 for approximately $12.5 million, is located in Midtown Manhattan’s business district, minutes from Grand Central Station and the Chrysler Building.
The 15,720-square-foot building includes five stories and a basement with an additional 2,500 square feet. It has an outdoor terrace and is located in one of New York’s most bustling business corridors.
It was fully modernized in 2008 and later further renovated with high-end finishes. It is currently valued at in excess of $40 million.