JANUARY 16, 2013
HIDROCK REALTY PARTNERSHIP OFFERS MIDTOWN BUILDING
- Real Estate Alert
Hidrock's 240 West 35th Street is on the market
A Hidrock Partnership is offering a 162,000-square-foot office building in Midtown Manhattan that's expected to fetch around $73 million.
The Class-B property, at 240 West 35th Street, is 96% occupied. At the estimated
price of $450/sf, a buyer's initial annual yield would be 4-5%. Jones Lang LaSalle
has the listing.
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