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240 West 35th Street

240 West 35th Street
New York, NY 10001
Office, Leasing/Rental
  • Address 240 West 35th Street
  • neighborhood Penn Plaza
  • borough Manhattan
  • owner ATCO
  • owner entity 240W35, LLC
  • floors 17
  • Year Built 1924
  • commercial units 35
  • total units 35
  • square feet 145,372
  • block and lot 1-00784-0064
  • BIN 1014415
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,632
  • Price per foot $ 56.00
  • Publication Date 10/22/2018
  • Event Date 10/17/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Properties & Management
  • Party 1 Broker John Cinosky, Colin Godwin
  • Party 2 The New Group
  • Party 2 Brokerage Denham Wolf Real Estate
  • Party 2 Broker Christopher Turner, Maxwell King
notes
The theater group signed a 5-year lease for the Garment District building which had an asking rent of $56 per square foot.
  • Event Retail Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 6,177
  • Price per foot $ 150.00
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 ATCO Properties & Management
  • Party 1 Brokerage ATCO Brokerage Services
  • Party 1 Broker John Cinosky, Colin Godwin
  • Party 2 Café Nunez
  • Party 2 Brokerage Bullaro Properties
  • Party 2 Broker James Bullaro
notes
The restaurant signed a deal to renew its lease for the Penn Plaza building for an additional 11 years at $150 per square foot.
  • Event Financing
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 72,750,000
notes
The owner secured a $72.75 million refinancing loan for the Garment District building.
  • Event Retail Leasing
  • Address 240-246 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,181
  • Price per foot $ 140.00
notes
The fast-casual restuarant chain inked a 12-year lease in the Garment Distrcit with asking rent of $140 per square foot.
  • Event Financing
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 71,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 ATCO Properties & Management
  • Party 2 Metlife
notes
The company secured a $71 million loan for the commercial and office properties.
  • Event Sales
  • Address 240-246 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 165,000
  • Price $ 108,000,000
notes
The 18-story office property was sold for $108 million.
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 5,320
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Hidrock Realty, Meritage Properties
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Carrier Northeast
  • Party 2 Brokerage CBRE
  • Party 2 Broker Jason Frazier
notes
The HVAC solutions company signed a lease for the entire top floor.
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 10,100
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 Hidrock Realty
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 amNew York
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Lee Kosmac
notes
The newspaper signed a five-year lease.
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 1,900
  • Publication Date 10/01/2009
  • Event Date 08/22/2009
  • Party 1 24035 Property
  • Party 1 Brokerage Hidrock Realty
  • Party 2 Strategy
  • Party 2 Brokerage Bond New York
  • Party 2 Broker Joe Robinson
notes
The consulting firm inked a three-year lease for space on the 10th floor.
  • Event Sales
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 162,000
  • Price $ 58,000,000
  • Price per foot $ 358.02
  • Publication Date 08/01/2008
  • Event Date 06/22/2008
  • Party 2 Hidrock Realty
notes
The property sold for $58 million, or $358 per square foot. Asking rents at the building, which has 40 commercial tenants, are expected to be in the $40- to $45-per-square-foot range.
  • Event Sales
  • Building Name 240-246 West 35th Street
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 161,000
  • Price $ 32,000,000
  • Price per foot $ 198.76
  • Publication Date 12/01/2005
  • Event Date 10/22/2005
  • Party 1 New York City-based real estate investment group
  • Party 1 Brokerage Itzhaki Properties
  • Party 1 Broker Barry Farchi
  • Party 2 Brokerage Broadway West Enterprises
  • Party 2 Broker Gerald Lieblich
notes
The fully occupied building sold for $32 million. The buyer plans to continue to operate the building as a commercial office property.

09/28/2016
Blackstone Group and SL Green, which also joined forces on a $376 million loan for the aforementioned Watchtower deal, provided a $240 million acquisition loan. The 336,000-square-foot building is RPW’s second Manhattan office property after 240 West 35th Street, which the firm is looking to sell...