looks West for signature site
July 24, 2014

A mixed-use 58,750 foot office, retail and garage condominium at 400 E. 67th St. at First Avenue in the base of the Laurel residential tower is expected to trade for upwards of $70 million.

Daniel Parker, Will Silverman, Eric Negrin and Woody Heller of Savills Studley are marketing the asset on behalf of an institutional seller.

“Fully leased with average lease terms of 10 years, it’s a modest sized investment with excellent yield and requires virtually no management,” Heller said. “Offshore, institutional, public and private investors have been clamoring for this type of investment for decades and it’s finally available in New York City...” looks West for signature site

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