James NelsonSeasoned Real Estate Leader Driving Multi-Billion Dollar Sales

15 West 36th Street #propertyinvestment #realestate #realestateinvesting #investing

25 Jun 2024

Watch on YouTube

A short on-site YouTube pitch for 15 West 36th Street, a 16-story, ~81,000 sq ft office building in Midtown South (near 5th Avenue). The presenter highlights 60% occupancy, an asking price of $28 million (~mid-$300s per sq ft as spoken), the building's inclusion in the Midtown South rezoning district allowing potential residential conversion, and appealing interior features (11–13 ft ceilings, multi-aspect light and views). The piece is promotional and encourages contact with the listing agent.

Hi everyone. I'm here in midtown south and behind me is 15 West 36th street right off 5th Avenue. This 16 story office building has 81,000ft. Okay. At the base we have Willoughby's established camera store equipment. Upstairs property is 60% occupied. So you do have some decent income going into it. But this is where it gets interesting. Okay? This property is in the midtown south rezoning district which would allow for, yes, residential conversion. But when you look at the asking price, $28 million on 81,000ft in the mid-3002 a foot, that starts to sound really good. And wait till we go inside and take a look at these floors. 11 to 13 foot high ceilings. And once you get up top, especially light and air on three sides. Really great views, Empire state, everything else. You're going to want to certainly take a look at this. As always. Take a look at avison y.