281-283 Lexington Ave - Specialty FOR SALE


New York, NY 10016
$8,250,000 USD
212-660-7700
281-283 Lexington Ave, New York, NY for Sale
$8,250,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

281-283 Lexington Ave
New York, NY 10016


OVERVIEW

Cushman & Wakefield has been exclusively retained to sell 281- 283 Lexington Avenue, a/k/a The Soldiers’, Sailors’, Marines’, Coast Guard and Airmen’s Club, a historic private social club in New York’s Murray Hill neighborhood of Manhattan, NYC. This charming building was built in 1882 as two of six townhomes (279-289 Lexington Avenue) for the upper middle class of that period. Since 1927, serving returning veterans of World War I, the clubhouse has operated as accommodations for U.S. servicemen and women, military veterans, and their families at discounted rates. The beaux-arts, bay-windowed building at West 37th Street is not an official landmark. The property is configured with 36 dormitory style bedrooms with marble shower baths on every floor, a library, several larges event rooms, and a dining room with lounge. The building sold its air rights to the adjacent co-op known as the Carlton Regency when it was built in 1979 and straddles the club on both sides. The building benefits from it soaring ceiling heights ranging from 9’ - 12’ 6” throughout, vented kitchen with in-place equipment, and flag branding rights The building remains an outstanding visual asset to the Murray Hill community. Although the widening of Lexington Avenue meant the loss of the original brownstone stoops and the stone facades have been painted, the last two surviving houses of Charles Buek & Co.’s 1882 row are otherwise little changed. Delivered vacant for immediate possession, this historically significant community center/clubhouse building is located at the confluence of New York’s Midtown East, Kips Bay, NoMad, and Murray Hill submarkets, just a few blocks from Madison Square Park and Bryant Park. The proximity to major transportation hubs Penn Station, Grand Central Terminal, Port Authority Bus Terminal and the 4 6 subway trains is unmatched. One of the more affluent neighborhoods, Murray Hill also benefits from its proximity to the United Nations HQ, Alexandria Center for the Life Sciences and most all the major hospitals. This offering represents an outstanding opportunity for a government mission, embassy, consulate, family office HQ, nonprofit, doctor’s office, social or private club, alumni association center, art gallery or any wide array of community facility occupiers to own one of the most remarkable and historic buildings in Manhattan. This will be the first sale since 1907, over 117 years.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Soldiers' Sailors' Marines' & Airman's

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility, Schools, Shelter

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R10

APN/PARCEL ID

0892-0063

ASK ABOUT THIS PROPERTY

John CirauloMassey Knakal Realty ServicesMore Info
212-660-7700

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John CirauloMassey Knakal Realty ServicesMore Info
212-660-7700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.