Cushman and Wakefield has been exclusively retained to arrange for the sale of three commercial condominium units also known as 311 East 79th Street. The units are currently occupied by New York Gastroenterology, renowned in their field and affiliated with Mount Sinai Hospital. Located on the 2nd floor of the prominent Continental Towers Condominium, these units have been meticulously renovated of which the tenant has spent over $1,000,000 to suit their needs.
The building is located on the northeast corner of East 79th Street and 2nd Avenue, right in the heart of the highly dense Upper East Side neighborhood of Manhattan. The units have their own private entrance on East 79th Street with a separate awning, elevator, and egress. The net square footage of the 3 units is approximately 5,494 all located on the same floor contiguous to one another. The lease expires in March 2025 with one 7.5 year renewal.
The units are located near a plethora of transportation options, whether it being the number 6 subway train located on East 77th Street and Lexington Avenue, the Q subway train with an entrance at East 83rd Street and 2nd Avenue, or several bus lines that run crosstown and North and South along 2nd and 3rd Avenues. Finally, the FDR is located within a few blocks which links up with many highways providing ease of access to the entire tri-state.
311 East 79th Street is an excellent opportunity for a buyer to own a cash flowing asset, with a prest
