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235 E 44th StNew York, NY 10017
235 East 44th Street
Asset ClassMultifamily
overview of deal

Overview

Avison Young, as exclusive agent, is pleased to offer for sale 235 East 44th Street (the “Property”), the 62-apartment residential unit within a three-unit condominium in Turtle Bay / Midtown East, together with effective control of the condominium board. Designed by Gerner Kronick + Valcarcel and delivered in 2016, the 19-story luxury rental features a neo-Brutalist exposed-concrete façade. The Property is a seven-minute walk from Grand Central Terminal (4/5/6/7, Metro-North and LIRR) and one block from the United Nations.

Investment Highlights

  • Immediate Upside from the 421-a Surcharge
  • An Affluent, Long-Tenured Renter Base
  • 20 Units Convert to Market in 2027
  • Board Control Conveys at Closing
  • A Full Mark-to-Market Reset Over Time
  • Unmatched Transit Access
  • A Supply-Constrained Submarket
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235 E 44th StNew York, NY 10017

Sales Team

Erik EdeenPrincipal and Senior Director of U.S. Investment Sales212.729.7402erik.edeen@avisonyoung.com
James NelsonPrincipal and Head of U.S. Investment Sales212.729.6585james.nelson@avisonyoung.com
Peter GottsackerSenior Analyst202.602.1012peter.gottsacker@avisonyoung.com
Brandon PolakoffPrincipal and Head of NYC Investment Sales212.230.5998brandon.polakoff@avisonyoung.com
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