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Attributes
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Property Description
Jones Lang LaSalle (“JLL”) has been exclusively retained to sell the leased fee interest (the “Property”) in 675 Avenue of the Americas (“675 AoA”). The Property is encumbered by a short term leasehold with improvements consisting of a fully leased, Class A mixed-use loft office and retail building. The near-term leasehold expiration provides prospective investors the rare opportunity to acquire a controlling position in a highly coveted asset within Midtown South, one of the nation’s most desirable and supply-constrained submarkets, at a compelling basis with secure in-place cash flow and significant embedded upside potential.
Investment Highlights
- Coveted Fee Position with Near-Term Leasehold Takeover
- Future Value Creation via Repositioning Opportunity
- Prime Midtown South Avenue Location
Andrew Scandalios
Senior Managing Director, New York Co-Office Head
License details
NY-10331200140
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