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INVESTMENT HIGHLIGHTS
- Portfolio featuring over 157,931 square feet of commercial office condos on the East River at the United Nations Headquarters in an iconic building.
- 866 UNP features high ceilings, flexible open space, oversized windows on all sides, and panoramic, permanently protected views of the East River.
- Capitalize on an advantageous location in Midtown Manhattan near Grand Central Terminal and the 6, E, and M subway lines within a short walk.
- Common areas, amenity spaces, entrance, elevators, and lobby were renovated in 2020, including new breakout and reading rooms, lounges, and more.
EXECUTIVE SUMMARY
866 United Nations Plaza (866 UNP) encompasses over 470,000 square feet of iconic commercial space on the corner of 48th Street and First Avenue, directly on the East River waterfront.
Just steps away from the world-renowned United Nations Building, 866 UNP presents a premier investment opportunity comprising 26 commercial office condo units ranging in size from 712 to 33,769 rentable square feet (RSF). These units include stable, in-place long-term tenants, pre-built move-in-ready spaces, and stunning white box spaces ideal for an array of commercial uses. Since 1965, the property has been home to prestigious missions, consulates, non-governmental organizations (NGOs), highly respected legal firms, consultants, and countless businesses that serve the United Nations community.
866 UNP is an entirely reimagined building featuring a renovated entryway and travertine lobby with curated, large-scale digital art displays, along with new elevators, common corridors, and a variety of new amenity spaces, including breakout areas, lounges, and private phone booths. All units feature oversized windows, high ceilings, and tremendous natural light, with many units offering spectacular protected views of the United Nations Headquarters and East River.
The building is managed by industry leader JLL and staffed with experienced, professionally trained property managers, engineers, security guards, porters, and cleaning crews, ensuring a worry-free investment.
Just steps away from the world-renowned United Nations Building, 866 UNP presents a premier investment opportunity comprising 26 commercial office condo units ranging in size from 712 to 33,769 rentable square feet (RSF). These units include stable, in-place long-term tenants, pre-built move-in-ready spaces, and stunning white box spaces ideal for an array of commercial uses. Since 1965, the property has been home to prestigious missions, consulates, non-governmental organizations (NGOs), highly respected legal firms, consultants, and countless businesses that serve the United Nations community.
866 UNP is an entirely reimagined building featuring a renovated entryway and travertine lobby with curated, large-scale digital art displays, along with new elevators, common corridors, and a variety of new amenity spaces, including breakout areas, lounges, and private phone booths. All units feature oversized windows, high ceilings, and tremendous natural light, with many units offering spectacular protected views of the United Nations Headquarters and East River.
The building is managed by industry leader JLL and staffed with experienced, professionally trained property managers, engineers, security guards, porters, and cleaning crews, ensuring a worry-free investment.
MATTERPORT 3D TOURS
5th Floor Suite Virtual Tour
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SALE FLYER
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 4 |
| Status | Active | Total Building Size | 152,539 SF |
| Number of Properties | 25 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 25 |
| Individually For Sale | 4 |
| Total Building Size | 152,539 SF |
PROPERTIES
Show More > < Show LessSALE ADVISORS
Jared Horowitz, Vice Chairman
A recognized expert in both tenant and landlord representation, Vice Chairman Jared Horowitz has represented a wide range of companies of varied size and scope, locally as well as nationally.
Horowitz’s successful career is distinguished by an extensive record of achievement. Prior to joining Newmark as an Executive Managing Director in 2013, he held a 12-year tenure with Cushman & Wakefield, where he was annually recognized as a top producer and received the top producing brokerage professional honor at his level in 2002, 2004, 2007, 2008 and 2011. Earlier in his career, he was named a “Rising Star” by Real Estate Weekly. Since joining Newmark nearly 10 years ago, Horowitz has been consistently ranked in the top 5% of all brokerage professionals nationally.
Horowitz’s notable tenant clients include Clear, DSW/Camuto Group, FuboTV, Morrison Cohen LLP and Labaton Sucharow LLP. Horowitz also specializes in financial services representation for clients such as Cantor Fitzgerald, Oak Hill Advisors, LionTree, Flexpoint Ford, TowerBrook Capital, Searchlight Capital, Carlson Capital, L.P., M. Klein & Company, Apollo and B. Riley Financial.
Horowitz’s successful career is distinguished by an extensive record of achievement. Prior to joining Newmark as an Executive Managing Director in 2013, he held a 12-year tenure with Cushman & Wakefield, where he was annually recognized as a top producer and received the top producing brokerage professional honor at his level in 2002, 2004, 2007, 2008 and 2011. Earlier in his career, he was named a “Rising Star” by Real Estate Weekly. Since joining Newmark nearly 10 years ago, Horowitz has been consistently ranked in the top 5% of all brokerage professionals nationally.
Horowitz’s notable tenant clients include Clear, DSW/Camuto Group, FuboTV, Morrison Cohen LLP and Labaton Sucharow LLP. Horowitz also specializes in financial services representation for clients such as Cantor Fitzgerald, Oak Hill Advisors, LionTree, Flexpoint Ford, TowerBrook Capital, Searchlight Capital, Carlson Capital, L.P., M. Klein & Company, Apollo and B. Riley Financial.
Zach Weil, Managing Director
Zachary Weil joined Newmark in 2011 at the firm’s Manhattan headquarters. Since the start of his real estate career, Weil has provided real estate services to building owners and tenants throughout Manhattan’s commercial districts.
Weil has represented the owners of numerous prestigious buildings in New York City, including SL Green, RXR, Columbia, ESRT, Blackstone, Silverstein Properties, Carlyle Group, Atlas Capital, ELK Investors, Harbor Group and Philips International Holding Corporation. He is a member of the Newmark leasing team that has transformed historically traditional buildings into modern tech hubs for some of the most well-known companies in the New Media industry, including Roku, VTS, AB inBev, Bark, Snowflake, Investopedia and Tempus, among others. Weil has also served as the exclusive sales agent for 40 Rector Street, totaling more than 400,000 square feet of sales to date. 40 Rector Street is considered one of the largest commercial condominium projects in Manhattan, and as its agents, Weil and his team have sold more commercial condominium space than any other New York team within the last five years.
Weil is also focused on Tenant Representation, having completed approximately 300,000 square feet in transactions for such clients as AdTheorent, Morning Brew, Tapad, easyship, SohoWorks, Transmit.live, Brooklyn LAB Charter School, Wix.com, Alt, Worthy, Fino Consulting Group and Linq3 Technologies. Weil’s experience in both Landlord Representation and Tenant Representation has given him the invaluable ability to see all sides of a transaction. This expertise has led to his focus on advising venture capital firms with their portfolio companies’ real estate needs. Weil and his team serve as the single point of contact for all real estate decisions and questions – an advantageous tool for venture capital firms to offer their portfolio companies, as a growing firm’s real estate needs are constantly changing. He has worked with companies such as Primary Ventures, Trail Mix Ventures, ffVC and others.
Weil and his team have also sponsored the organization AlwaysOn, which organizes technology/new media conferences all over the country in order to acknowledge the fastest-growing technology companies around the world.
Weil has represented the owners of numerous prestigious buildings in New York City, including SL Green, RXR, Columbia, ESRT, Blackstone, Silverstein Properties, Carlyle Group, Atlas Capital, ELK Investors, Harbor Group and Philips International Holding Corporation. He is a member of the Newmark leasing team that has transformed historically traditional buildings into modern tech hubs for some of the most well-known companies in the New Media industry, including Roku, VTS, AB inBev, Bark, Snowflake, Investopedia and Tempus, among others. Weil has also served as the exclusive sales agent for 40 Rector Street, totaling more than 400,000 square feet of sales to date. 40 Rector Street is considered one of the largest commercial condominium projects in Manhattan, and as its agents, Weil and his team have sold more commercial condominium space than any other New York team within the last five years.
Weil is also focused on Tenant Representation, having completed approximately 300,000 square feet in transactions for such clients as AdTheorent, Morning Brew, Tapad, easyship, SohoWorks, Transmit.live, Brooklyn LAB Charter School, Wix.com, Alt, Worthy, Fino Consulting Group and Linq3 Technologies. Weil’s experience in both Landlord Representation and Tenant Representation has given him the invaluable ability to see all sides of a transaction. This expertise has led to his focus on advising venture capital firms with their portfolio companies’ real estate needs. Weil and his team serve as the single point of contact for all real estate decisions and questions – an advantageous tool for venture capital firms to offer their portfolio companies, as a growing firm’s real estate needs are constantly changing. He has worked with companies such as Primary Ventures, Trail Mix Ventures, ffVC and others.
Weil and his team have also sponsored the organization AlwaysOn, which organizes technology/new media conferences all over the country in order to acknowledge the fastest-growing technology companies around the world.
Erik Harris, Executive Managing Director
Erik S. Harris is an Executive Managing Director at Newmark’s Manhattan headquarters. Since joining the firm in 1995, Harris has provided real estate services to building owners and tenants throughout Manhattan’s commercial districts.
Harris has represented the owners of numerous prestigious buildings in New York City, including Atlas Capital Group; Blackstone Group/Equity Office Properties; Clarion Partners; Columbia Property Trust; Empire State Realty Trust; Harbor Group International; Invesco Real Estate; IRSA; Marciano Investment Group; Nuveen/TIAA-CREF; Paramount Group, Inc.; RXR; Samson Management Corporation; Silverstein Properties; SL Green Realty Corporation; The Carlyle Group; and Vanbarton Group, LLC.
As a tenant representative, Harris has worked with clients from various disciplines, including Alliance Global Partners Corp.; Anchorage Capital Group, LLC; Bluefin Trading; Mill Point Capital; Scratch Music Group; Starboard Value, L.P.; and 683 Capital.
Harris has represented the owners of numerous prestigious buildings in New York City, including Atlas Capital Group; Blackstone Group/Equity Office Properties; Clarion Partners; Columbia Property Trust; Empire State Realty Trust; Harbor Group International; Invesco Real Estate; IRSA; Marciano Investment Group; Nuveen/TIAA-CREF; Paramount Group, Inc.; RXR; Samson Management Corporation; Silverstein Properties; SL Green Realty Corporation; The Carlyle Group; and Vanbarton Group, LLC.
As a tenant representative, Harris has worked with clients from various disciplines, including Alliance Global Partners Corp.; Anchorage Capital Group, LLC; Bluefin Trading; Mill Point Capital; Scratch Music Group; Starboard Value, L.P.; and 683 Capital.
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25-Condo Portfolio at 866 UNP
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