FOR IMMEDIATE RELEASE
Press Contact: J.D. Parker
First Vice President - Regional Manager, Manhattan
(212) 430-5100
NEW YORK, NY, August 2, 2013– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the listing of 315 West 35th Street , a 64,206 square-foot office property located in New York, NY, according to J.D. Parker, regional manager of the firm’s Manhattan office. The asset is listed for $36,000,000.
John Krueger, an investment associate in Marcus & Millichap’s Manhattan office, has the exclusive listing to market the property on behalf of the seller, a private investor.
315 West 35th Street is located on the north side of West 35th Street between Eighth and Ninth Avenues in Manhattan’s Garment District. “This 14 story, vacant office building, presents investors with a very unique redevelopment opportunity. Development projects like this are in high demand, especially on the west side of Manhattan,” said Krueger, “The property sits on a 50 by 99 foot lot, located within close proximity to Penn Station, The Hudson Yard, and Times Square, making this an ideal location for a residential or hotel conversion.”
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
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