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345 E 37th St
New York, NY 10016

The Corinthian Office Condominiums · Multifamily Property For Sale · 863 Units

Investment Highlights

  • Premier office condominiums available for sale situated at the base of a 57-story Midtown East residential tower.
  • Building amenities include a health club, fitness center, 56' lap pool, yoga studio, business center, and parking garage access.
  • Located directly adjacent to the NYU Langone Medical Center campus and in proximity numerous medical offices and institutions.
  • Experience a newly renovated lobby offering marble and wood accents, soaring ceiling heights, and upgraded common corridors.
  • Versatile condominium units ranging from 1,943 to 4,700-square-feet, adaptable to any office use.
  • Enjoy easy commute options via the Grand Central Terminal, the Queens Midtown Tunnel, and cross-town bus service.

Executive Summary

The Corinthian Office Condominiums is a three-story, 32-unit medical office condominium building at the base of the 57-story Corinthian luxury residential tower in Midtown East. The property is strategically located on East 37th Street between First and Second avenues and adjacent to the First Avenue medical corridor, known as "Medical Mile." A magnificent lobby featuring marble and wood accents and soaring ceiling heights greet visitors entering the building. Property amenities include a health club, fitness center, 56-foot lap pool, yoga studio, sauna, steam room, business center, and daily and monthly access to a privately managed parking garage. For a worry-free investment, benefit from institutional property management with professionally trained building managers, mechanical engineers, security guards, porters, and cleaning crews. Newly renovated common corridors lead to the office suites, some offering private street-level access with signage opportunities and outdoor terraces. Suites contain the necessary infrastructure for medical offices, including multiple plumbing risers and ample electrical capacity served via individual distribution panels. Steam-fed heat pumps provide heating, and units are cooled via water-source heat pumps. Enjoy low common area charges and real estate taxes. This is an opportunity for business owners to lock in occupancy costs or investors to capitalize on predictable income from long-term medical tenants at attractive cap rates. Centrally located, The Corinthian Office Condominiums sits directly adjacent to the world-class NYU Langone Medical Center campus and is surrounded by more than a dozen hospitals, medical schools, research centers, and health-related not-for-profit institutions. The property is also adjacent to the Queens Midtown Tunnel and a short walk from Grand Central Terminal, offering easy access to work for commuting professionals.

PROPERTY FACTS

No. Units 863
Property Type Multifamily
Property Subtype Apartment
Apartment Style High Rise
Building Class A
Lot Size 1.86 AC
Building Size 924,200 SF
No. Stories 57
Year Built 1989
APN / Parcel ID 0943-1429

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 863 - -

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Bay Window
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Freezer
  • Patio
  • Quartz Countertops

Site Amenities

  • 24 Hour Access
  • Business Center
  • Concierge
  • Courtyard
  • Fitness Center
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Sauna
  • Spa
  • Doorman
  • Gameroom
  • Media Center/Movie Theatre
  • Package Service
  • Roof Terrace
  • Storage Space
  • Elevator
  • Sundeck
  • Zen Garden

zoning

Zoning Code C1-9 (Commercial district predominantly residential in character)
C1-9 (Commercial district predominantly residential in character)
  • Listing ID: 18217283

  • Date on Market: 1/17/2020

  • Last Updated:

  • Address: 345 E 37th St, New York, NY 10016

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