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A blog for breaking sales and neighborhood real estate news.

An office building at 307 East 60th Street, located between First and Second Avenues in Manhattan’s Midtown East, was sold in an all-cash transaction valued at $8,250,000.

This fully-renovated six-story elevator office building contains approximately 13,125 square feet and sits on a 25’ x 100’ lot.  It features a double height, marble floored, lobby with a rear meeting room offering an oversized skylight. The second floor mezzanine is configured with a conference center with audio and visual capacity and is connected to a chef’s kitchen with Viking appliances. A wood paneled library is located on the third floor. The fourth and fifth floors have well-apportioned offices, which benefit from light and air on three sides. The top floor has another conference room with light and air on all four sides, featuring a hidden kitchen. The lower level is fully excavated with state-of-the-art mechanicals and storage. Overall, the building has offices accommodating up to 55 people.  The sale price equates to approximately $629 per square foot.

This building is conveniently located in close proximity to the FDR and Queensboro Bridge ramp, as well as the 59th Street subway terminal.

“We were thrilled to help our client sell the property as they looked to expand in a new location.  Both the buyer and seller were not-for-profits, so it was great to see it stay in charitable hands,” said Massey Knakal’s James Nelson, who exclusively handled this transaction with Clint Olsen.

Click here for press release

Neighborhoods: Midtown East