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W 26Th St New York, Ny

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W 26Th St New York, Ny 21&23 W 26TH ST NEW YORK, NY TWO HISTORIC ADJACENT COMMERCIAL BUILDINGS FOR SALE ASKING PRICE: $19,000,000 21&23 W 26TH ST PROPERTY DESCRIPTION Cushman & Wakefield has been exclusively retained to sell 21 and 23 West 26th Street, two historic adjacent office buildings in New York’s NoMad District. These side-by-side three story plus garden, penthouse and cellar buildings were designed by Thomas Stent and Peabody, Wilson & Brown and constructed in 1881 as the real estate office for brothers William Waldorf Astor and John Jacob Astor III. The Astor Family managed their immense real estate holdings out of these buildings until the elder son, Vincent Astor died and left the buildings to his daughter who was married to millionaire communist, Corliss Lamont. When Lamont died, he bequeathed it to the U.S. Communist Party to use as their headquarters in the mid-1940’s. The exteriors have remained relatively untouched since 1881 and 1922, respectively, until a penthouse addition was placed atop of No. 21 in 1991. The interiors have been renovated and restored over the last 40+ years with the addition of an elevator, central air conditioning, new kitchens and toilets, but the original tiled floors, iron stair, paneled walls, office dividers, fireplaces and even door hardware are all still intact. The buildings combine for approximately 19,045 square feet (No. 21 being 9,290± SF and No. 23 being 9,755± SF), have one elevator inside of No. 23 and are interconnected on the front entryway of the ground floor only. Both buildings contain concrete-lined, walk-in vaults with massive steel safe doors where deeds and cash were stored by the Astor’s and now safeguard archived books. The buildings are separately owned, have individual tax lots and separate mechanical systems. These Colonial Revival and Queen Anne style historic office buildings are located at the confluence of New York’s NoMad, Chelsea and Flatiron submarkets, just steps from Madison Square Park, a few blocks from Google’s headquarters and Hudson Yards and at the center of the tightest office market in the nation where TAMI tenants continue to expand and migrate. The property is currently occupied by the Writers House literary agency that will be vacating the space upon the sale of the property. This offering represents an outstanding opportunity for a company, family office, nonprofit, doctor’s office, established tech or startup, social or private club, alumni association center, art gallery or any wide array of occupiers to own two of the most remarkable and historic buildings in Manhattan. This will be the first sale of No. 21 since 1979 and No. 23 since 2005. PROPERTY INFORMATION North side of West 26th Street Location: between Broadway and Sixth Avenue Block/Lots: 828 / 19, 20 Lot Dimensions: 50' x 98.75' (side-by-side 25’ footers) Lot Area: 4,938 SF (2,468 SF each) Stories: 3 plus garden, penthouse and cellar Combined Gross SF: 19,045 No. 21 GSF: 9,290 No. 23 GSF: 9,755 Zoning / FAR: M1-6 / 10.0 (commercial) Total Buildable Sq. Ft.: 49,375 Unused Air Rights: 30,331 Landmarked: Yes Historic District: Yes; Madison Square Park North Year Built: 1881 Real Estate Taxes: $133,466 *All square footages are approximate and should be independently verified WEST 97TH ST EAST 97TH ST WEST 96TH ST B E EAST 96TH ST WEST 95TH ST EAST 95TH ST Q WEST 94TH ST EAST 94TH ST WEST 93RD ST EAST 93RD ST WEST 92ND ST EAST 92ND ST WEST 91ST ST EAST 91ST ST WEST 90TH ST EAST 90TH ST WEST 89TH ST EAST 89TH ST WEST 88TH ST EAST 88TH ST 1ST AVENUE 1ST AVENUE YORK 5TH AVENUE MADISON AVENUE AVENUE LEXINGTON COLUMBUS AVE COLUMBUS AMSTERDAM AVE AMSTERDAM WEST END AVE WEST WEST 87TH81ST ST ST EAST 87TH ST WEST 86TH ST C E EAST 86TH ST B WEST 85TH ST EAST 85TH ST WEST 84TH ST EAST 84TH ST WEST 83RD ST EAST 83RD ST WEST 82ND ST EAST 82ND ST WEST 81ST ST C B EAST 81ST ST WEST 80TH ST EAST 80TH ST WEST END AVE WEST COLUMBUS AVE COLUMBUS AMSTERDAM AVE AMSTERDAM WEST 79TH ST EAST 79TH ST WEST 78TH ST EAST 78TH ST FDR RD WEST 77TH ST EAST 77TH ST WEST 76TH ST EAST 76TH ST WEST 75TH ST EAST 75TH ST WEST 74TH ST EAST 74TH ST WEST 73RD ST EAST 73RD ST EAST 72ND ST WEST 72ND ST C B Q WEST 71ST ST EAST 71ST ST WEST 70TH ST EAST 70TH ST COLUMBUS AVE COLUMBUS WEST 69TH ST EAST 69TH ST 1ST AVENUE 1ST AVENUE YORK 2ND AVENUE WEST 68TH ST 5TH AVENUE MADISON AVENUE AVENUE LEXINGTON EAST 68TH ST WEST 67TH ST EAST 67TH ST WEST 66TH ST EAST 66TH ST WEST 65TH ST EAST 65TH ST WEST 64TH ST AVE AMSTERDAM EAST 64TH ST WEST 63RD ST EAST 63RD ST F Q WEST 62ND ST EAST 62ND ST WEST 61ST ST EAST 61ST ST WEST 60TH ST A C B D N W R N W R WEST 59TH ST EAST 59TH ST WEST 58TH ST EAST 58TH ST N Q FDR RD WEST 57TH ST EAST 57TH ST R W WEST 56TH ST EAST 56TH ST WEST 55TH ST EAST 55TH ST WEST 54TH ST EAST 54TH ST B D E E M E M WEST 53RD ST EAST 53RD ST WEST 52ND ST EAST 52ND ST WEST 51ST ST EAST 51ST ST WEST 50TH ST C E EAST 50TH ST 5TH AVENUE MADISON AVENUE AVENUE LEXINGTON 3RD AVENUE 2ND AVENUE WEST 49TH ST N R EAST 49TH ST 12TH AVENUE 11TH AVENUE 10TH AVENUE 9TH AVENUE WEST 48TH ST EAST 48TH ST B D WEST 47TH ST EAST 47TH ST F M WEST 46TH ST EAST 46TH ST WEST 45TH ST EAST 45TH ST WEST 44TH ST EAST 44TH ST 7 GRAND 7 CENTRAL N Q R S B D F M 7 5 7 WEST 42ND ST EAST 42ND ST BRYANT EAST 41ST ST PORT AUTHORITY PARK A C E WEST 40TH ST EAST 40TH ST WEST 39TH ST EAST 39TH ST 8TH AVENUE AVENUE OF THE AMERICAS AVENUE PARK AVENUE PARK 7TH AVNUE WEST 38TH ST EAST 38TH ST 21&23 FDR RD W 26TH WESTST 37TH ST EAST 37TH ST WEST 36TH ST EAST 36TH ST WEST 35TH ST EAST 35TH ST HERALD SQUARE WEST 34TH ST EAST 34TH ST 7 N Q R W WEST 33RD ST B D F M EAST 33RD ST PENN STATION A C E EAST 32ND ST HUDSON EMPIRE STATE BLDG YARDS WEST 31ST ST EAST 31ST ST PENN STATIONWEST 30TH ST EAST 30TH ST WEST 29TH ST EAST 29TH ST 11TH AVENUE N R EAST 28TH ST EAST 27TH ST 21&23 W 26TH ST FLATIRON BUILDING WEST 25TH ST MADISON WEST 24TH ST SQUARE C E PARK EAST 23RD ST WEST 23RD ST WEST 23RD ST Q R W 5 THE HIGH LINE WEST 22ND ST ELEVEN MADISON AVE 1ST AVENUE 1ST LEXINGTON AVENUE LEXINGTON 2ND AVENUE WEST 21ST ST 3RD AVENUE 10TH AVENUE 9TH AVENUE 5TH AVENUE WEST 20TH ST WEST 19TH ST CHELSEA MARKET WEST 18TH ST WEST 17TH ST UNION WEST 16TH ST SQUARE GOOGLE PARK A C E L WEST 15TH ST WEST 14TH ST F M L N Q R W L 5 L L WEST 13TH ST WEST 12TH ST TRANSPORTATION WEST 11TH ST Unrivaled transportation hub with NJ Transit, LIRR, PATH, Port Authority Bus Terminal and the 23rd Street-Broadway N / Q / R, 23rd Street-Lexington Avenue 4 / 5 / 6 and the 23rd Street-EighthWEST 10TH ST Avenue F and M trains all within steps of the property. WEST 9TH ST WEST 8TH ST HISTORY OF THE HOUSES WAVERLY PL WASHINGTON • Original John Jacob Astor III and William Waldorf Astor Estate. SQUARE PARK • Side-by-side Victorian Gothic buildings built in 1881. • In 1922, Vincent Astor had redone the facade of No. 23 in a chaste, neo-Federal style. • The exterior of No. 21 has remained untouched since 1881. A metal and glass 3rd story addition constructed in 1991. • From the mid-forties until the late fifties No. 23 served as the American Communist Party’s Headquarters. During this time, the building was under surveillance by the FBI. It also suffered a series of fire bombings that shattered the bay windows on the ground floor and set the offices ablaze. • Both buildings contain concrete-lined walk-in vaults with massive steel safe doors where the Astor’s, the richest and most prominent landlords in New York at the time, stored their real estate deeds and huge rental incomes and later acted as panic rooms for the Communist Party. • No. 21 had been owned and occupied by Volitant Publishing Company which printed magazines from 1952-1979. • No. 21 was purchased in 1979 by Writers House literary agency. • No. 23 was acquired in 2001 by Writers House and the buildings were joined together on the ground floor. 21&23 W 26TH ST 21&23 W 26TH ST FLOOR PLANS Garden Level Ground Floor Penthouse No.23 Second Floor Third Floor 21&23 W 26TH ST NEW YORK, NY All inquiries should be directed to Cushman & Wakefield. No inspections of the Property are permitted unless accompanied by a representative from Cushman & Wakefield. For More Information, Please Contact: JOHN F. CIRAULO CRAIG M. WAGGNER MIKE KAVANAGH JP WILL 212 660 7700 212 660 7744 212 660 7765 212 660 7718 [email protected] [email protected] [email protected] [email protected] For Financing Inquiries, Please Contact: JESSICA KE Director, Equity, Debt, & Structured Finance (212) 589-5106 [email protected] Cushman & Wakefield Copyright 2020.
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