House: The Newel

The Newel Building. The Newel Building is located in midtown east Manhattan, in a
posh, predominantly pre-war building enclave called Sutton Place. The Property will be delivered vacant. It is comprised of approxiately 34,125 sq. ft. on 5 floors (above grade) plus an additional 6,000 sq. ft. basement, plus a 1,500 sq. ft. boiler room sub-basement. The Property is built full to lot line and measures approximately 75′ × 91′ providing an additional 6,000 sq. ft. roof deck space for a reimagined use. Total available space is approximaely 48,000 square feet. Ceiling heights throughout the Property range from 9’ at the basement level to 13’5" – 15’8" on above grade levels 1 – 5. The property also features a curb cut, and car-sized freight elevator and a passenger elevator. The Property is zoned residential (R10, FAR:10) and has a commercial use Certificate of Occupancy. The Property is delivered as-is without air rights. The Property occupies 75’ of frontage mid-block along the north side of East 53rd Street between First Avenue and Sutton Place a.k.a. Sutton Place Park a.k.a. FDR Drive exit 11 East 53rd Street. The north, west and southfacing sides of the Property look out into open space. The Property has a distinct look and feel and can best be described as an impressive open-floor loft style building.

PROPERTY DESCRIPTION
The Newel Building
NEW YORK, NY
■ Class A fireproof loft building
■ Flexible commercial and/or residential use possibility
■ On-site parking
■ Strategic Midtown-East location
■ High-end residential and corportate neighbors
■ Near to Major Art, Science and International Government
Institutions
■ High ceilings throughout
■ 34 year ownership, delivered vacant

Building Description Provided By Anthony Finno