New York, NY 10016
- Sq. Ft: 10,626
- Commercial Units: 1
- Price per Sq. Ft: $894
John J. Stewart & Associates was the exclusive sales broker for 32 East 39th Street, a high-end luxury five-story elevator office building between Park Avenue and Madison Avenue in Midtown East. The subject property has served as a global corporate headquarters for over thirty years and will be delivered completely vacant at closing.
The subject property is in mint condition with original architectural detail throughout and a marble-floored lobby that provides an impressive waiting area for clients and guests. A large modern elevator serves the entire building with spacious office layouts featuring an elegant main conference room, multiple executive suites, small private offices, space for back-office functions and a private roof deck. The layout is flexible and could be customized to the needs of the new owner.
The subject property also has a noteworthy past. According to the historical record, it was owned from 1920 to 1939 by “Colonel” Jacob Ruppert, the owner of the Knickerbocker Brewery and the New York Yankees from 1915 to 1939. The Colonel would host an annual holiday party at the building for Yankee team members including Babe Ruth and Lefty Gomez.
The subject property is prominently located at the center of Midtown East between Park and Madison Avenues. It is surrounded by mass transportation options and is three blocks south of Grand Central Terminal. To the east, its proximity to the Queens Midtown Tunnel allows quick access to LaGuardia and JFK Airports as well as destinations in Long Island; to the west, the subject property is a short distance to Penn Station and the Lincoln Tunnel which allows easy access to Newark Airport and destinations in New Jersey. The immediate area is dense with consulates, United Nations Missions, corporate offices and headquarters, law firms, medical practices, charitable foundations and government buildings.