The Real Deal New York

Zionist group looks to sell HQ for $40M-plus

Midtown South building has close to 30,000 square feet of space
By Katherine Clarke | February 14, 2014 11:54AM

The Zionist Organization of America has tapped commercial brokerage CBRE to market its New York City headquarters at 3 East 34th Street, The Real Deal has learned. The organization has owned the property since 1973, city records show.

Edward Midgley, Daniel Kaplan and Michael Kadosh of CBRE are marketing the building. While an official asking price was not available, sources said the Zionist Organization wants more than $40 million for the six-story property.

The 29,162-square-foot mixed-use building comprises 24,162 square feet of office space and 5,000 square feet of retail, according to data from PropertyShark. Development rights at the site exceed 52,000 square feet.

The retail space appears to be occupied by clothing retailer Bolton’s.

Neither a spokesperson for CBRE nor a representative for the Zionist Organization was immediately available for comment.