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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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