Timekeeper Building could sell for $20M

307 East 53rd Street (source: PropertyShark)

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The Timekeeper Building, a six-story office building at 307 East 53rd Street, is now on the market, and will likely sell for just over $20 million, sources sold the Post. The 40,000-square-foot East Side building, between First and Second avenues near the United Nations could be purchased by a foreign country. A price of $20 million would be a discount compared to recent sales in the area to foreign governments whose costs will trend over $900 a foot. Office tenants at the building include current owner Amerimar Enterprises, Bombo Sports and Entertainment, wine distributor Frederick Wildman & Sons and the Caudalie Vinotherapy Spa’s offices. Robert Garrish, Paul Gillen and Darcy Stacom of CB Richard Ellis are marketing the property. [Post, 3rd Avenue]