The Property is zoned residential (R10, FAR:10) and has a commercial use Certificate of Occupancy. The Property was delivered as-is without air rights. The Property occupies 75’ of frontage mid-block along the north side of East 53rd Street between First Avenue and Sutton Place a.k.a. Sutton Place.
Advisory transaction for client seeking to lease 50,000 sqft of office. Utilizing the grandfathered-in commercial use, the client gained equity and exposure of single-build occupancy upon purchasing. The New building. After a renovation, this headquarters will serve Ruder Finn’s needs for years to come.
