The Anton Group at Marcus & Millichap has been exclusively retained by Ownership to recapitalize the Leasehold interest in 211 E 43rd Street (the Property), located one block from Grand Central Station and the United Nations at East 43rd Street and Third Avenue. Every day, more than 1.5 million people pass through Grand Central Station.

211 E 43rd Street, a 25-story, through-block building, encompassing 210,031 rentable square feet, demonstrates strong occupancy metrics with a 71% lease rate. The Property provides a diverse range of floorplans, varying from 4,100 to 11,900 square feet, effectively accommodating a broad spectrum of tenant requirements, from smaller enterprises to larger organizational footprints. The tenant roster is diversified, spanning government agencies, medical practices, technology firms, and real estate companies, underlined by a solid weighted average lease term of 4.3 and 9.9 years for office and retail tenants, respectively.

Substantial capital improvements have been undertaken, including a comprehensive refurbishment of the lobby and façade, upgrades to mechanical systems and the installation of new windows, reflecting a commitment to maintaining the property at a competitive standard in the market. In addition, Ownership has recently renovated approximately 32 suites / 125,100 RSF.

The retail component of 211 E 43rd Street, totaling 11,616 square feet, is fully occupied by high-profile Japanese restaurants, including Sakagura, which has been a landmark sake bar in New York City for 27 years. This aspect of the asset adds a dynamic retail dimension to the investment.

This acquisition presents an opportunity for recapitalization in partnership with an institutional real estate investor, offering potential investors a chance to engage in a strategic real estate investment in Manhattan.

Interested parties are invited to contact Eric Michael Anton at 212-430-5209 or Ben Haggard at 212-430-5106 for detailed information and to discuss the investment opportunity further.