NEW YORK CITY—Real estate investment and operating firm 60 Guilders has announced the conversion of three Midtown South “first class” office buildings into office condominiums.
The Corinthian is a 105,640-square-foot medical office building at 345 E. 37th St. in Midtown South; 20 W. 33rd St. is a 176,700-square-foot office building steps from the Empire State Building and adjacent to 18 W. 33rd St., an 18,234-square-foot boutique office building.
More specifically, the Corinthian is a three-story, 32-unit medical office condominium building located between First and Second Avenues. Located between Fifth Avenue and Broadway, 20 W. 33rd Street is a 13-floor, 15-unit office condominium building while 18 W. 33rd St. is a six-story, boutique office condominium.
At 20 W. 33rd St., full floor units range in size from 13,966 to 27,964 square feet and feature oversized windows, which provide unobstructed views of the Empire State Building. The north facing portion of the building also provides 125 feet of frontage overlooking West 33rd Street.
At 18 W. 33rd Street, six full floor units make up the 18,234 square-foot property, which features high ceilings and oversized windows. The entire fourth floor is currently available for purchase and provides a 2,811-square-foot, column-free space.
“Converting the Corinthian and 18 and 20 W. 33rd St. into office condominiums will add 300,000 square feet of available office condominium space to the Midtown South and Penn Plaza submarkets, where this type of inventory is highly desired yet extremely hard to come by,” says Kevin Chisholm, managing partner and co-founder of 60 Guilders.
“Office ownership has been on the rise in New York City, making this the perfect time for business owners and medical professionals to purchase the units that we're bringing to the market,” he continues. “60 Guilders intends for the conversion of office and medical office buildings to help alleviate the pent up demand in Manhattan.”
“Medical professionals, nonprofit organizations and company owners are rapidly recognizing the long term benefits of ownership but realize there are little to no high quality office condominiums units for purchase in NYC,” adds Michael Rudder, principal of Rudder Property Group, which has the leasing assignment for the trio of properties.
“The Corinthian is the only medical office condo building available right now near the NYU Langone Medical Center,” he adds, “while 18 and 20 W. 33rd St. will be the newest office condominiums in the Penn Plaza submarket.”
The Corinthian is a 105,640-square-foot medical office building at 345 E. 37th St. in Midtown South; 20 W. 33rd St. is a 176,700-square-foot office building steps from
More specifically, the Corinthian is a three-story, 32-unit medical office condominium building located between First and Second Avenues. Located between Fifth Avenue and Broadway, 20 W. 33rd Street is a 13-floor, 15-unit office condominium building while 18 W. 33rd St. is a six-story, boutique office condominium.
At 20 W. 33rd St., full floor units range in size from 13,966 to 27,964 square feet and feature oversized windows, which provide unobstructed views of
At 18 W. 33rd Street, six full floor units make up the 18,234 square-foot property, which features high ceilings and oversized windows. The entire fourth floor is currently available for purchase and provides a 2,811-square-foot, column-free space.
“Converting the Corinthian and 18 and 20 W. 33rd St. into office condominiums will add 300,000 square feet of available office condominium space to the Midtown South and Penn Plaza submarkets, where this type of inventory is highly desired yet extremely hard to come by,” says Kevin Chisholm, managing partner and co-founder of 60 Guilders.
“Office ownership has been on the rise in
“Medical professionals, nonprofit organizations and company owners are rapidly recognizing the long term benefits of ownership but realize there are little to no high quality office condominiums units for purchase in NYC,” adds Michael Rudder, principal of Rudder Property Group, which has the leasing assignment for the trio of properties.
“The Corinthian is the only medical office condo building available right now near the NYU Langone Medical Center,” he adds, “while 18 and 20 W. 33rd St. will be the newest office condominiums in the Penn Plaza submarket.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
