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School bldg for sale.


A vacant 44,000 s/f former school building on the Upper East Side is up for sale, with the asking price of $15 million.

The building presents a rare opportunity to enlarge TO ENLARGE. To extend; as, to enlarge a rule to plead, is to extend the time during which a defendant may plead. To enlarge, means also to set at liberty; as, the prisoner was enlarged on giving bail.  a five-story corner property with 31,500 s/f of unused air rights.

Eastern Consolidated's senior director Ronda Rogovin, together with senior managing directors Eric Anton and Ronald Solarz, is spearheading the sales initiative for the property, which is located at 2269-2275 First Ave AVE Avenue
AVE Average
AVE Alta Velocidad Espanola (train between Madrid and Seville)
AVE Alta Velocidad EspaƱola (Spanish: High Speed Train)
AVE Audio Video Entertainment
AVE Advertising Value Equivalent
., aka 340-346 E. 117th St.

"At a time when the Upper East Side north of 96th Street is undergoing gentrification gentrification, the rehabilitation and settlement of decaying urban areas by middle- and high-income people. Beginning in the 1970s and 80s, higher-income professionals, drawn by low-cost housing and easier access to downtown business areas, renovated deteriorating , as new residential and retail development abounds, this is an excellent opportunity to develop a substantial corner site, which offers fabulous views, parking and easy access to all modes of transportation," said Rogovin.

Situated on a corner only two blocks west of the FDR Drive, the building enjoys light and air on four sides. Fourteen-foot ceilings are featured throughout, with floor-to-ceiling windows on floors two through five. There is also a curb cut curb cut
n.
A small ramp built into the curb of a sidewalk to ease passage to the street, especially for bicyclists, pedestrians with baby carriages, and physically disabled people.
 on First Avenue that allows for private parking.

As part of the Harlem Renaissance Harlem Renaissance, term used to describe a flowering of African-American literature and art in the 1920s, mainly in the Harlem district of New York City. During the mass migration of African Americans from the rural agricultural South to the urban industrial North , new developments are underway in the nearby vicinity, including East River Plaza, a 475,000 s/f power retail center situated between 116th and 119th Streets; General Motors Harlem Auto Mall, which will occupy an entire city block between 127th and 128th Streets; and La Marqueta, the redevelopment of a 50,000 s/f retail and open air plaza on Park Avenue between East 111th and 115th Streets.

"Since the building will be delivered vacant, the new owner may immediately commence the expansion process, working with the plan developed by world-famous architect Costas Kondylis Costas Kondylis and Partners, LLP, is an architectural firm headquartered in Manhattan. Their influence on New York City’s skyline has been commented on by New York Living Magazine ," said Anton.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Nov 30, 2005
Words:280
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