Adelaide Polsinelli, Vice Chairman of Compass, a publically traded, technology-driven, real estate platform, has been exclusively retained to market for sale 168 East 80th Street, a bespoke, 12,300 square foot, newly constructed, elevatored, office building consisting of six, full-floor commercial units.
The building is located on 80th Street between Lexington and Third Avenues with easy access to multiple major MTA hubs.It is ideally situated in the medical mile corridor of the city.The property neighbors some of New York City’s best medical and educational institutions. Nearby Hospitals include Lenox Hill Hospital, Mount Sinai Hospital, Weill Cornell Medical College,Sloan Kettering andNew York Presbyterian Hospital. Local area colleges include Hunter College (CUNY), Marymount Manhattan College, New York School of Interior Design, to name a few.
The property also lends itself to cultural uses as it is adjacent to the exquisite, Waterfall Mansion, and other nearby, high profile, institutions such as the Whitney Museum of American Art, Goethe-Institute New York, Metropolitan Museum of Art (MET),Neue Galerie New York and Asia Society.
“This blank canvas presents boundless opportunities for an investor or userto occupy this best-in-class property. From live/work to family office, corporate headquarters, or educational facility, the potential is limitless,” commented Polsinelli.
The property enjoys the benefits of a being in a medical corridor, complimented with busy shopping, entertainment, and dining options. The area has been booming with new condo development and new residents choosing to work closer to their homes on the Upper East Side.
“We are seeing signs of strong demand for boutique properties as more investors and users, are committing to ownership positions rather than leasing,” concluded Polsinelli.
About Polsinelli:
With over 30 years of experience, Polsinelli has sold over 1,500 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.5 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a Principal at the now defunct, Eastern Consolidated.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1.95 Billion in revenue, and $77 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
