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281 Park Ave S 42,500 SF Office Building New York, NY 10010 For Sale
INVESTMENT HIGHLIGHTS
- Rare chance to acquire a landmark Beaux-Arts asset in Gramercy Park with strong upside for hospitality or mixed-use repositioning.
- 42,500± SF, six stories, 10 to 20 ft ceilings, three elevators, award winning restaurant, and iconic stained-glass windows in prime corner location.
- Surrounded by premier dining, luxury hotels, and transit access along Park Avenue South, enhancing long-term value and tenant appeal.
- Delivered vacant with exceptional build-out potential, unmatched architectural pedigree, and income-generating ground-floor opportunities.
EXECUTIVE SUMMARY
Originally constructed in 1894 and known as the Church Missions House, this stunning six-story commercial property showcases the quintessential architectural style of the turn of the 20th century. Designed by renowned architects Robert W. Gibson and Edward J. Neville Stent— who combined Gibson’s formal training at the Royal Academy of Arts in London with Stent’s artistic vision—the building was commissioned by prominent donors including Cornelius Vanderbilt and J. Pierpont Morgan. In recognition of its historical significance, 281 Park Avenue South was designated a New York City landmark in 1979 and added to the National Register of Historic Places in 1982.
The existing structure comprises six stories, each boasting impressive ceiling heights ranging from 10 to 20 feet. The sixth floor features vaulted ceilings, and each floor offers expansive views up and down Park Avenue South. There are two full kitchens, one on the ground level and the other in the expansive below-grade space.
Additionally, the Property is equipped with two passenger elevators, one freight elevator, and one elevator that directly serves the second-floor restaurant space. Formerly home to Stephen Starr’s critically acclaimed Veronika, the restaurant space features breathtaking arched stained-glass windows, hand-painted murals, and soaring ceilings just shy of 20 feet.
There is also a 2,700 SF annex space at 277 Park Avenue Space that is currently built-out as the award-winning Roman and Williams-designed Chapel Bar. The former 19th-century landmarked chapel features 25+ foot vaulted Gothic ceilings and stained windows. This space is currently on a ground lease and can be made available for a buyer, although it is not required for purchase.
This unique property offers a rare opportunity to acquire one of Manhattan’s most recognizable assets in an irreplaceable location. Delivered vacant, it serves as a blank canvas for an owner/occupant to craft their vision. The exceptionally built-out restaurant and event spaces are ideally suited for hospitality use, allowing the owner to potentially occupy the upper floors while generating income from ground and second-floor operations.
PROPERTY FACTS
AMENITIES
- Metro/Subway
- Signage
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
| Space | Size | Space Use | Condition | Available |
| Lower Level | 2,732 SF | Office/Retail | Full Build-Out | Now |
| 1st Floor | 6,913 SF | Office/Retail | Full Build-Out | Now |
| 2nd Floor | 7,058 SF | Office/Retail | Full Build-Out | Now |
| 3rd Floor | 7,011 SF | Office/Retail | Full Build-Out | Now |
| 4th Floor | 7,146 SF | Office/Retail | Full Build-Out | Now |
| 5th Floor | 7,146 SF | Office/Retail | Full Build-Out | Now |
| 6th Floor | 6,996 SF | Office/Retail | Full Build-Out | Now |
Lower Level
| Size |
| 2,732 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 6,913 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 7,058 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 7,011 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 7,146 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 7,146 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 6,996 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
Lower Level
| Size | 2,732 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
1st Floor
| Size | 6,913 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
2nd Floor
| Size | 7,058 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
3rd Floor
| Size | 7,011 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
4th Floor
| Size | 7,146 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
5th Floor
| Size | 7,146 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
6th Floor
| Size | 6,996 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Note: The 281 Park Avenue South offering is for the Fotografiska museum space and Veronika restaurant space in its entirety, not segmented.
PROPERTY TAXES
| Parcel Number | 0877-0089 | Improvements Assessment | $5,841,540 |
| Land Assessment | $3,220,200 | Total Assessment | $9,061,740 |
PROPERTY TAXES
CONTACTS
-
James Nelson -
Brent Glodowski -
Alexandra Marolda -
Eric Karmitz -
Lea Voytovich -
Avison Young
Presented by
281 Park Ave S
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