NEW YORK, NY June 18, 2018 — Cushman & Wakefield today announced that the firm has been retained on an exclusive basis to arrange the sale of two full floor office condominiums located on the 18th and 19th floors at 633 Third Avenue, a Class A office condominium. The total asking price for the two floors is $36,500,000, but they may be sold individually.
A team led by Vice Chairman John Ciraulo, with Senior Director Craig Waggner and Associate Director Doug Blankrot, will represent the seller, The National Center on Addiction and Substance Abuse (CASA), in all marketing efforts.
“633 Third Avenue is located in one of the most highly sought out neighborhoods in New York City, so we’re excited to bring these assets to the market,” said John Ciraulo of Cushman & Wakefield. “Given the flexible open layouts, the floors cater to a wide range of owner occupiers and tenants, including government, legal, consulting, Not-For-Profits, TAMI (technology, advertising, media and information) and FIRE (financial services, insurance and real estate) uses”, added Craig Waggner.
The two floors are connected via an internal staircase, contain approximately 38,478 rentable square feet of office space and will be delivered vacant and ready for occupancy after May 2019. Each floor in 633 Third Avenue is a separate condominium unit. The 18th floor measures approximately 18,680 RSF while the 19th floor measures approximately 19,798 RSF.
Located on the easterly block front of Third Avenue between 40th and 41st Streets in the Grand Central office district of Manhattan, 633 Third Avenue is located within one of the most highly desired submarkets. Through the lobby, the property offers access to Dock’s Oyster Bar & Seafood Grill, NY Sports Club and Chase Bank. Additionally, the property is conveniently located near Grand Central Terminal, offering multiple subway lines and the Hudson, Harlem, and New Haven lines on Metro North.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.