March 16, 2017 Comments Off on Marketing the Opportunity of Emptiness Views: 246 Midtown New York, New York News

Marketing the Opportunity of Emptiness

The entire, 85,000-square-foot building at 161 Fifth Ave. (also known as 935 Broadway and even the “Mortimer Building”) will soon be available to rent. Brokers are offering the 100% vacancy as a rare opportunity.

“This is the first time in the 150-year-old history of the building that the chance to occupy and brand the entire property has been presented,” said Laura Pomerantz with Cushman & Wakefield, which is marketing the landmark property, currently home to Restoration Hardware in Manhattan’s Flatiron District.

The available space includes approximately 9,500 square feet of ground-floor retail space and approximately 64,000 square feet of office space situated atop five floors. There’s also a rooftop overlooking Madison Square Park, which could potentially be converted into usable space.

The building once housed one of the first department stores in New York City, J. & C. Johnston Dry Goods.

Connect to Cushman & Wakefield’s Pomerantz

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