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Investment Highlights

  • Premier Midtown East Location
  • Large Block of Space Available In Supply Constrained Market
  • Significant Value-Add Potential
  • Institutional-Quality Asset
  • Owner-User Opportunity In Well Maintained Building
  • Office-to-Residential Conversion Potential

Executive Summary

Denham Wolf Real Estate Services, as exclusive agent, is pleased to present the opportunity to acquire 815 Second Avenue (“the Property”), a 146,881 RSF commercial office building prominently positioned on the corner of East 43rd Street, serving as the current global headquarters of the Episcopal Church. The Property offers a compelling opportunity for investors seeking a value-add office repositioning, redevelopment or office-to-residential conversion potential, at a price significantly below replacement cost.
Strategically located in the heart of Midtown East, the building sits a short distance from Grand Central Terminal and the United Nations Headquarters, providing exceptional access to one of New York City’s most important transportation hubs. This location attracts a diverse tenant base including traditional office users, diplomatic missions, foundations, international schools, and non-profit organizations.
Ownership will consider proposals for a ground lease or an outright sale.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Building Size
137,784 SF
Building Class
B
Year Built
1963
Percent Leased
91%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
10,000 SF
Building FAR
13.75
Lot Size
0.23 AC
Zoning
C1-9 - commercial

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • -
  • -
  • Jan 0000

Kennedy International School, formerly known as Lyceum Kennedy International School, is a private international school located in Midtown Manhattan, New York City. Established in 1964, the school was originally founded to serve French-speaking families and has since expanded to offer a multicultural curriculum. It provides bilingual education from preschool through grade 12, with programs in French-English and Japanese, and offers the International Baccalaureate Diploma Programme for upper-grade students. Accredited by the French Ministry of Education, the school enables students to transition seamlessly into French educational systems worldwide. Kennedy International School emphasizes academic rigor, cultural diversity, and global citizenship, serving a diverse student body in a central Manhattan location.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The Ad Council is where creativity and causes converge. Where media meets message. Where substance meets scale. They are the Ad Council and together they make progress. As a non-profit organization, they bring together the most creative minds in advertising, media and tech to address the most worthy causes. Since 1942, Ad Council icons and slogans have woven into the very fabric of American culture. Fromtheir earliest efforts including “Loose Lips Sink Ships,” Smokey Bear’s “Only You Can Prevent Wildfires” and “Friends Don’t Let Friends Drive Drunk” to the recent groundbreaking Love Has No Labels, #EndFamilyFire and #SheCanSTEM, the Ad Council’s social good campaigns shift mindsets and spur movements. The Ad Council settles for nothing less than a lasting impact on American life.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - - - Jan 0000
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
1317-0021
Land Assessment
$7,162,121 CAD
Improvements Assessment
$23,717,410 CAD
Total Assessment
$30,879,531 CAD
  • Listing ID: 41379403

  • Date on Market: 2026-07-21

  • Last Updated:

  • Address: 815 Second Ave, New York, NY 10017

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