Monday pursued an opportunity to acquire 260 Park Avenue South, an 189,134 square foot office building located one block from historic Gramercy Park in the burgeoning Park Avenue South submarket.
260 Park Avenue South
New York, NY
A 24-hour neighborhood blending residential and office buildings, parks, restaurants and rich nightlife, Park Avenue South is in the midst of revitalization. The 25-story commercial building was owned and 100% occupied by the United Federation of Teachers (UFT), serving as their headquarters until they relocated and marketed the building in 2002. With the UFT’s relocation pending, 260 Park Avenue South would provide ownership an entirely vacant building in an excellent residential and office location.