240 West 35th Street

240 WEST 35TH STREET

NEW YORK, NY 10001

MIXED USE BUILDING REPOSITIONING

Hidrock purchased this property in 3rd Quarter of 2008 and within the first year had completed the renovation of the lobby, restrooms, common corridors, roof and facade, as well as the installation of a new building security system including an upgraded card access system. These upgrades, together with custom tenant installations, attracted higher quality tenants such as United Business Machines, Reem Acra, Jason Wu, Carrier International and Newsday’s am New York, leading to a 60% increase in rents over Hidrock’s period of ownership. Hidrock sold the property for $80 million in 4th Quarter of 2014.

  • 18-story, 144,625 SF Office; 18,015 SF Retail
  • Garment District Submarket