"The portfolio consists of 214,000 sf," says Kenneth Zakin,senior managing director of NKF. "Thirteen of the properties areleased only to Citibank, and 11 are anchored by Citibank but haveother retail or office tenants. Each building, once sold, will beleased back to Citibank for 15 years, on separate leases. We'reoffering the buildings as a package, or as individual properties,or they could be broken up into several smaller portfolios."

Zakin tells GlobeSt.com that four of the properties are locatedin Manhattan, including a location at 91st Street and MadisonAvenue and one at 79th Street and First Avenue. Brooklyn houses sixlocations, Queens four, the Bronx three, Westchester one, and theremaining properties are in Nassau and Suffolk counties. Theproperties range in size from 2,500 sf to 30,000 sf. Zakin says thebest sites are those located in Manhattan. "They are reallyextraordinary branches."

There is no asking price for the portfolio as the deal will beconducted through a bidding process. The initial bids will becollected by the end of the month, Zakin says. He expects biddersto be varied due to the quality of the portfolio. "Product of thisquantity and quality will be attractive to any investor who wantsto own multiple assets with both credit tenancy and future realestate value in multiple locations in the country's strongestmarket."