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Carlton Advisory Services appointed sales advisor for 150 Nassau Street.


Carlton Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, Inc. has been named the exclusive sales advisor for 150 Nassau Street Nassau Street could refer to several different locations:
  • Nassau Street (Dublin) – a street in Dublin, Ireland.
  • Nassau Street (Winnipeg) – a street in Winnipeg, Manitoba.
  • Nassau Street (Princeton) – a street in Princeton, New Jersey.
, a 23-story Downtown Manhattan building The Manhattan Building is a 16-story building at 431 South Dearborn Street in Chicago, Illinois. It was designed by architect William Le Baron Jenney and constructed from 1889 to 1891[2].  with 215,000 square feet of net rentable area, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Howard Michaels, Chairman of Carlton.

Michaels said the building is ideal for office use (with concentration of Internet and high technology tenants), or residential, condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 or hotel conversion.

The property, which is currently occupied by two tenants, can be delivered vacant, he added.

The property has undergone over $1.5 million in renovations over the last year. Completed work at the property includes: brand new elevators have been installed; over 50 percent of the windows have been replaced; Local Law 10/11 restoration of the facade facade (fəsäd`), exterior face or wall of a building. The term implies ordered placement of its openings and other features and thus seems inapplicable to a wall without design.  and replacement of the 20th floor and penthouse penthouse

Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof.
 roofs have been completed.

The property also has a fiber optic feed (by virtue of Pace University's prior occupancy) in the basement, with the capacity to easily expand to all floors in the building. The electrical system for the building (which was installed in 1996) has all the necessities for high technology and Internet tenants.

The property has floor sizes of approximately 10,000 square feet on the lower floors and approximately 8,000 square feet on the upper floors (excluding the penthouse on floors 21 to 23, which contain approximately 3,000 square feet each). Ceiling heights are 18-feet on the first floor, 14-feet on the second and third floors, and 9 to 10 feet for the remaining floors.

All of the above qualities are ideal for high technology and Internet tenants. In addition, the property has a floor load of 200 pounds per square foot.

As indicated, the property can be delivered vacant, which will allow the successful purchaser to readily re-lease 150 Nassau Street at current market rates to high technology and office tenants, or allow purchaser to immediately commence converting the property into a residential condominium or hotel.

The owner intends to enter into a noncontingent contract for the sale of the property by March 13th.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 9, 2000
Words:335
Previous Article:Corrections.(Brief Article)
Next Article:MANAGEMENT PERSONNEL.(Brief Article)
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