JLL has been retained on an exclusive basis to arrange for the sale of 111 East 61st Street (the “Property”), located on the picturesque block of East 61st Street Between Park and Lexington Avenues. The Property is currently configured as a residential and commercial townhouse totaling approximately 8,172 square feet above grade. Ownership utilizes floors 1 and 2 as their office space, floors 3 and 4 are leased to an office tenant, Burgess Yachts, and the 5th floor is leased to a
residential tenant. Floors 1 and 2 will be delivered vacant and the leases on floors 3-5 are both set to expire in April of 2022.
111 East 61st Street represents a rare opportunity to acquire an ideally located
commercial and residential townhouse. The purchaser will have the flexibility to implement a variety of potential strategies including a commercial/residential conversion or a hybrid live/work space.