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815 2nd AveNew York, NY 10017
815 Second Avenue
Asset ClassOffice, Multifamily
Value-Add Play in Vibrant Work / Live District in Midtown East
overview of deal

Overview

Denham Wolf Real Estate Services, as exclusive agent, is pleased to present the opportunity to acquire 815 Second Avenue (“the Property”), a 146,881 RSF commercial office building prominently positioned on the corner of East 43rd Street, serving as the current global headquarters of the Episcopal Church.

 

The Property offers a compelling opportunity for investors seeking a value-add office repositioning, redevelopment or office-to-residential conversion potential, at a price significantly below replacement cost.

 

Strategically located in the heart of Midtown East, the building sits a short distance from Grand Central Terminal and the United Nations Headquarters, providing exceptional access to one of New York City’s most important transportation hubs, Manhattan’s premier commercial real estate district and the global diplomatic community. This location attracts a diverse tenant base including traditional office users, diplomatic missions, foundations, international schools, and non-profit organizations.

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Investment Highlights

Year Built
1963
Occupancy
53%
# Stories
11
Rentable SF
146,881

• Premier Midtown East Location

• Institutional-Quality Asset

• Large Block of Space Available In Supply Constrained Market

• Owner-User Opportunity In Well Maintained Building

• Significant Value-Add Potential

• Office-to-Residential Conversion Potential

• Flexible Transaction Structure

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815 2nd AveNew York, NY 10017
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