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Off Market

345 E 37th St
New York, NY 10016


HIGHLIGHTS

  • Premier office condominiums available for sale situated at the base of a 57-story Midtown East residential tower.
  • Experience a newly renovated lobby offering marble and wood accents, soaring ceiling heights, and upgraded common corridors.
  • Building amenities include a health club, fitness center, 56' lap pool, yoga studio, business center, and parking garage access.
  • Versatile condominium units ranging from 1,943 to 4,700-square-feet, adaptable to any office use.
  • Located directly adjacent to the NYU Langone Medical Center campus and in proximity numerous medical offices and institutions.
  • Enjoy easy commute options via the Grand Central Terminal, the Queens Midtown Tunnel, and cross-town bus service.

OVERVIEW

The Corinthian Office Condominiums is a three-story, 32-unit medical office condominium building at the base of the 57-story Corinthian luxury residential tower in Midtown East. The property is strategically located on East 37th Street between First and Second avenues and adjacent to the First Avenue medical corridor, known as "Medical Mile." A magnificent lobby featuring marble and wood accents and soaring ceiling heights greet visitors entering the building. Property amenities include a health club, fitness center, 56-foot lap pool, yoga studio, sauna, steam room, business center, and daily and monthly access to a privately managed parking garage. For a worry-free investment, benefit from institutional property management with professionally trained building managers, mechanical engineers, security guards, porters, and cleaning crews. Newly renovated common corridors lead to the office suites, some offering private street-level access with signage opportunities and outdoor terraces. Suites contain the necessary infrastructure for medical offices, including multiple plumbing risers and ample electrical capacity served via individual distribution panels. Steam-fed heat pumps provide heating, and units are cooled via water-source heat pumps. Enjoy low common area charges and real estate taxes. This is an opportunity for business owners to lock in occupancy costs or investors to capitalize on predictable income from long-term medical tenants at attractive cap rates. Centrally located, The Corinthian Office Condominiums sits directly adjacent to the world-class NYU Langone Medical Center campus and is surrounded by more than a dozen hospitals, medical schools, research centers, and health-related not-for-profit institutions. The property is also adjacent to the Queens Midtown Tunnel and a short walk from Grand Central Terminal, offering easy access to work for commuting professionals.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

The Corinthian Office Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

924200

STORIES

57

YEAR BUILT

1989

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

0943-1220,0943-1333,0943-1429,0943-1467,0943-1608,0943-1609,0943-1637,0943-1747,0943-1836