235 East 44th Street

Investment Overview

Avison Young, as exclusive agent, is pleased to offer for sale 235 East 44th Street (the “Property”), the 62-apartment residential unit within a three-unit condominium in Turtle Bay / Midtown East, together with effective control of the condominium board. Designed by Gerner Kronick + Valcarcel and delivered in 2016, the 19-story luxury rental features a neo-Brutalist exposed-concrete façade. The Property is a seven-minute walk from Grand Central Terminal (4/5/6/7, Metro-North and LIRR) and one block from the United Nations.

Investment Highlights

• Immediate Upside from the 421-a Surcharge
• 20 Units Convert to Market in 2027
• An Affluent, Long-Tenured Renter Base
• Board Control Conveys at Closing
• A Full Mark-to-Market Reset Over Time
• Unmatched Transit Access
• A Supply-Constrained Submarket