The Reel

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425 East 53rd Street (located between First Avenue and Sutton Place) is a 34,000+ square foot commercial or residential loft/warehouse property boasting of a large open floor plate and tall ceilings. At 75’ x 91’, each of its five floors is approximately 6,825 square feet of open showroom space and is serviced by a passenger elevator and a large freight elevator accessible via the street and internally.

It is currently completely occupied by Newel Art Galleries, and will be delivered completely vacant. The property is residentially zoned, but has a commercial certificate of occupancy, allowing for residential and office conversions. Based on the cusp of Sutton Place and United Nations, this property is an ideal opportunity for developers, schools, hospitals and UN agencies alike. There are very few opportunities such as this, where a user can purchase large, open floor plates which can be delivered vacant.

Click here for listing details.

Neighborhoods: Midtown East