The Property

Standing 10 stories off one of the hottest corners in NYC you will find this extraordinary piece of real estate adjacent to the iconic Peninsula Hotel. At 39,000 square feet it enters the market today fully gutted and near vacant, with the exception three rent stabilized tenants. The building is red brick with black-paint on the ground levels. The renderings show the current facade replaced with a white limestone in this classically renovated building which adds three stories above the existing building, The new design features double height windows, multiple outdoor terraces and one enclosed with a colonnade. The renderings are by Famed architect Clive Longstein. **Please note first few pictures are renderings of the new proposed construction the rest are the current state of the building. GUTTED AND PRIMED FOR DEVELOPMENT OPPORTUNITY The Branson was previously configured as a rental building with retail on the ground plus 29 residential units ranging from one to three-bedrooms. Plans are included for a luxury condo conversion in the style of a Classically Renovated Iconic Building. Other uses as well are possible. We currently have offers for a long-term lease by a famed restaurateur if desirable to purchaser at $42,000/month. This serene urban respite is positioned with Fifth Avenue shopping at its fingertips and steps from both Central Park and the Museum of Modern Art. Placed in the Heart of Manhattan, the B/D/E/F/M/N/Q/R trains are all just nearby, providing rapid transport anywhere in New York City.