Bankruptcy Sale_305 E 61st Street New York NY

TABLE OF CONTENTS
EXECUTIVE SUMMARY
BANKRUPTCY AUCTION - United States Bankruptcy Court Southern District of New York
In Re: 305 East 61st Street Group LLC - Case # 19-11911-shl
8 EXECUTIVE SUMMARY
11 PROPERTY OVERVIEW
17 APARTMENTS
31 ROOF / VIEWS
35 BASEMENT / MECHANICALS
39 SPA (GROUND & BELOW
GRADE)
45 AREA OVERVIEW
65,000+ SQ FT BUILDING - STALLED CONSTRUCTION
14 Residential Units & 14,800+ Sq Ft Commercial Space
• 305 East 61st Street, Upper East Side, New York, NY 10065
• Former Art Storage Facility - Stalled Redevelopment Site - Substantially
Complete
• 65,000+ Sq Ft, 10-Story Elevator Building
• 6,208 Sq Ft Lot (49.5’ x 125.42’ Lot)
• 2 Blocks to MTA Lexington Ave-63rd St Station: F, M, Q, R Subway
• 3 Blocks to MTA 59th St-Lexington Ave Station: 4, 5, 6 Subway
• 1 Block to MTA M15, Q60, Q101 Bus Lines
14,800+ Sq Ft Commercial Space
• Currently Under Construction for International Luxury Brand AIRE Ancient
Baths New York
• Aqua Therapy Pools, Massage Therapy Rooms, Whirlpool, Steam Room,
Locker Rooms & More
• Tenant Invested a Substantial Amount of Money into the Build-out
• NNN Lease – $600,000 Annual Rent
• 15-Year Term with 4% Escalations
• Tenant has Agreed in Writing to the Above Referenced Terms - Final Lease
Pending Execution
EXECUTIVE SUMMARY
8
APARTMENTS
17
ROOF / VIEWS
6
31
39
SPA (GROUND FLOOR & BELOW GRADE)
7