PRESS RELEASE: Avison Young Named Exclusive Sales Agent for Residential Property at 130 East 37th Street1 Oct 2020
Coveted 100% free market corner residential property provides a value-add investment opportunity in buzzing Murray Hill neighborhood
New York– The Tri-State Investment Sales Group for Avison Young has been named the exclusive agent to market a five-story, 12-unit, residential property at 130 East 37th Street in the Murray Hill neighborhood of Manhattan. The asking price is $4,600,000.
Principal and Head of Tri-State Investment Sales James Nelson is marketing the property on behalf of the owner along with Director Mitchell Levine, Senior Associate Alexandra Marolda and Senior Associate Bradley Rothschild.
“This is a tremendous opportunity for an end-user to invest in a stunning, turnkey asset offering a corner elevator building with 12 free market units,” Nelson said. “Murray Hill is in high demand and the property at 130 East 37th Street offers 70' of wrap-around frontage with 50’ of frontage on Lexington Avenue. The property is situated in Murray Hill and is in close proximity to Midtown – allowing residents to walk to work rather than having to rely on public transportation.”
Located on the corner of East 37th Street and Lexington avenue, the approximately 5,500-square-foot elevator building offers 12 free market units with the potential to convert back into a single-family townhouse or add value by upgrading the individual units and common areas. Along with its reputation as a neighborhood with abundant dining and shopping destinations, Murray Hill is home to both beautiful historic townhomes and brownstones as well as high-rise condominium and co-ops. The area is also bustling with local cafes, bars, and foodie favorites, along with other desirable amenities including various gym chains and grocery stores.
Nestled between Murray Hill and Midtown East, the neighborhood’s central location, proximity to Grand Central and the convenience of Midtown East has made Murray Hill one of New York City’s highest-profile districts.
The 4, 5, 6, and 7 trains are all a short walk from the property, while bus service is available uptown and downtown on Second, Third and Lexington Avenues. The Midtown Tunnel and FDR Drive, within blocks of the property, provides vehicle access to all of Manhattan along with the Bronx, Queens and Brooklyn.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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For more information:
- Gail Donovan, Senior Director of Marketing, Tri-State: 212.729.7140