240 Fifth Ave

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 240 Fifth Avenue, an incredible commercial building within Manhattan's booming NoMad district just steps away from the famous Madison Square Park. The 12,395 gross square foot property is located between West 27th and 28th Streets and features 28' of frontage.
The property is vacant, offering an exceptionally unique opportunity for an end-user and/or investor that could benefit from the soaring rental market for both office and residential in this area. Based on the zoning, 240 Fifth Avenue presents potential buyers with a wide variety of potential visions, including boutique condominiums, a mixed-use retail & residential project, a corporate headquarters or a flagship retail location.
A popular moniker for “North of Madison Square Park” NoMad references the area starting on starting at 26th Street extending Eastward from 6th Avenue. Due to an influx of new development and a surge in TAMI companies occupying the area's office stock, the neighborhood has grown to include some of the city's most popular restaurants, a dynamic retail environment and burgeoning residential community. Most notably, neighbors such as Eataly, the NoMad Hotel, The Smith, 11 Madison, Scarpetta, the Ace Hotel, and the upcoming Virgin Hotel have all had their hand in transforming the area. In addition, the area is highly accessible via public transit, within close proximity to the N, Q, R, 4, 5, & 6 trains, as well as the New Jersey PATH train and multiple bus lines. 240 Fifth Avenue represents a unique opportunity for a user or investor to acquire an ideally located commercial building steps from Madison Square Park.