Marcus & Millichap is the exclusive sales broker for 32 East 39th Street, a five-story elevator office building between Park Avenue and Madison Avenue in Midtown East. The subject property has been occupied by the same company as their global headquarters for over twenty years. The building will be delivered vacant upon sale.
The subject property measures approximately 20.50 feet by 92 feet totaling approximately 10,000 square feet and sits on a 20.50 foot by 98.75 foot R8B zoned lot. The property has no remaining air rights.
The building sits at the center of Midtown East between the exclusive co-ops of Park Avenue and the commercial density of Madison Avenue including consulates, corporate headquarters and government buildings. The building sits one block south of the recently approved Greater East Midtown Rezoning.
According to the historical record, the building was owned from 1920 to 1939 by “Colonel” Jacob Ruppert, the owner of the Knickerbocker Brewery and the New York Yankees from 1915 to 1939. The Colonel would host an annual holiday party at the building for Yankee team members including Babe Ruth and Lefty Gomez.