- For Sale $60,000,000
- Property Type Other
- Property Size 134,810 SF
- Date Updated Sep 24, 2026
Description
Avison Young, as exclusive agent, is pleased to offer for sale two occupied office condominiums (“the Units”) at Tower 53, a 320,065 SF luxury mixed-use condominium building located at 825 7th Avenue in Midtown Manhattan. The offering totals 134,810 RSF across Unit 1 (74,896 RSF) and Unit 2 (59,914 RSF).
The Units are 100% occupied by two well-established, mission-driven non-profit organizations. Both leases feature long-term, contractual rent escalations, providing durable in-place cash flow through 2053 and 2054, respectively. Both units carry a full educational real estate tax exemption, resulting in $0 real estate tax liability, a distinct expense advantage that enhances net cash flow to ownership.
Highlights
- 100% occupied by two long-standing, mission-driven non-profit tenants (YAI and NAC)
- Comprehensive 2020 building renovation including a new lobby, elevators, restrooms, operable windows and HVAC system
- Full educational real estate tax exemption on both units results in $0 real estate taxes, meaningfully enhancing net cash flow
- Long-term leases extending through April 2053 (YAI) and April 2054 (NAC) provide durable, contractual cash flow with minimal near-term rollover exposure
- Strong in-place current annual net rent with structured five-year rent escalations built into each lease through year 30 of the respective terms
- Trophy-adjacent Midtown location with best-in-class transit access
False
Contacts
James Nelson
Alexandra Marolda
Lea Voytovich
Location
Located at 825 7th Avenue, New York, NY 10019, this property is part of the Theatre District - Times Square neighborhood and Manhattan market.
Contact 825 Seventh Avenue - Sale
