PRESS RELEASE: Avison Young Named Exclusive Sales Agent for Residential Property at 130 East 37th Street

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.