BKREA has been retained on an exclusive basis to arrange for the sale of 363 7th Avenue (“The Property”), a remarkable 22-story commercial office building. The property is situated on the northeast corner of West 30th Street and 7th Avenue, across the street from the newly renovated Penn District. Constructed in 1930, the office building maintains a total of 80,927 RSF and features a wraparound frontage of roughly 121 feet.

The ground floor and basement space are occupied by Fresh & Co, a healthy casual restaurant with several locations throughout NYC. Fresh & Co has been at the base of the building since May of 2009 and has a lease not set to expire until June of 2032, granting ownership with a stable ground floor retail tenant. Currently, of the remaining upper 21 floors, only the 22nd floor is vacant. The existing tenancy is made up of a variety of tenants and the entire building features a WALT of roughly 2.92 Years.

363 7th Avenue offers an outstanding opportunity for value-add investors looking to acquire a corner office building with ample natural light and air. Furthermore, prospective buyers could further increase their rents by completing the necessary capital improvements and renovating units that turnover. This property boasts stable cash flow and is strategically located near Penn Station, a major transportation hub allowing commuters of the Long Island Railroad and New Jersey Transit with an easy walk.