245 Seventh Avenue
New York, NY

245 Seventh Avenue is a 9,486 square foot retail condominium unit located on the northeast corner of Seventh Avenue and 24th Street.

The property is 100% leased to JPMorgan Chase.

The property is located in the heart of the Chelsea Seventh Avenue retail corridor between the Fashion Institute of Technology and the Meatpacking District. The property is easily accessible via the number 1 subway with a stop one block south of the property as well as 6 other lines within walking distance. The area is surrounded by densely populated residential properties and is home to one of the strongest office markets in Manhattan at the heart of “Silicon Alley”.

Acquisition Date: October 2014
Total Capitalization: $33,865,000
Equity: $16,865,000
Size: 9,486 square feet

About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $12.5 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 35 years of experience in the industry and over 750 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $12.5 billion in real estate investment properties and is constantly exploring real estate investment opportunities in the worldwide market.