Contacts
Avison Young
Avison Young - US - NY - New York
Avison Young
Property Details
- Property Type Other
- Property Size 134,810 SF
- Date Updated Nov 11, 2026
Avison Young, as exclusive agent, is pleased to offer for sale two occupied office condominiums (“the Units”) at Tower 53, a 320,065 SF luxury mixed-use condominium building located at 825 7th Avenue in Midtown Manhattan. The offering totals 134,810 RSF across Unit 1 (74,896 RSF) and Unit 2 (59,914 RSF).
The Units are 100% occupied by two well-established, mission-driven non-profit organizations. Both leases feature long-term, contractual rent escalations, providing durable in-place cash flow through 2053 and 2054, respectively. Both units carry a full educational real estate tax exemption, resulting in $0 real estate tax liability, a distinct expense advantage that enhances net cash flow to ownership.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% occupied by two long-standing, mission-driven non-profit tenants (YAI and NAC)
- Comprehensive 2020 building renovation including a new lobby, elevators, restrooms, operable windows and HVAC system
- Full educational real estate tax exemption on both units results in $0 real estate taxes, meaningfully enhancing net cash flow
- Long-term leases extending through April 2053 (YAI) and April 2054 (NAC) provide durable, contractual cash flow with minimal near-term rollover exposure
- Strong in-place current annual net rent with structured five-year rent escalations built into each lease through year 30 of the respective terms
- Trophy-adjacent Midtown location with best-in-class transit access
Getting around
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98/100
Walk Score ®
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100/100
Transit Score ®
-
90/100
Bike Score ®
Location
- City New York, NY
- Neighborhood Theatre District - Times Square
- Zip Code 10019
- Market Manhattan
Points of Interest
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53rd Street & 7th Avenue at Northeast Corner
0.02 miles
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53rd Street & 7th Avenue at Southeast Corner
0.03 miles
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6th Avenue & 56th Street at Southwest Corner
0.19 miles
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57th Street–7th Avenue
0.19 miles
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6th Avenue & 56th Street at Southeast Corner
0.20 miles
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6th Avenue & 56th Street at Northwest Corner
0.20 miles
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6th Avenue & 57th Street at Southwest Corner
0.23 miles
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5th Avenue–53rd Street
0.34 miles
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5th Avenue–59th Street
0.48 miles
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Grand Central - 47th Street Entrance
0.56 miles
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ChargePoint
0.42 miles
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Mobil
0.69 miles
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Blink
0.71 miles
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Tesla Supercharger
0.85 miles
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BP
1.97 miles
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Citgo
2.07 miles
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Sunoco
2.07 miles
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Atlantic
2.23 miles
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Shell
2.23 miles
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Champion
0.02 miles
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Icon
0.05 miles
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Quik Park
0.26 miles
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24 Hour Parking
0.35 miles
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Alpha Garage
0.40 miles
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Manhattan Parking Group
0.47 miles
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Icon Parking
0.52 miles
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Hippodrome Parking
0.52 miles
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Allie II parking
0.53 miles
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Alfred Car Park, LLC
0.64 miles
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Sheraton New York Times Square Hotel
0.05 miles
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The Luxury Collection Hotel Manhattan Midtown
0.06 miles
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Hilton New York Midtown
0.09 miles
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Dream Midtown
0.09 miles
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Ameritania at Times Square
0.09 miles
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Residence Inn New York Manhattan / Central Park
0.10 miles
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The Manhattan at Times Square Hotel
0.10 miles
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Park Central Hotel
0.11 miles
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The Msocial
0.11 miles
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Hilton Garden Inn
0.12 miles
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Morton Williams
0.18 miles
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Gristedes
0.19 miles
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Nordstrom
0.24 miles
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Dainobu
0.27 miles
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Key Food
0.27 miles
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TJ Maxx
0.28 miles
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Whole Foods Market
0.37 miles
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The Shops at Columbus Circle
0.37 miles
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Kitchen Valley Marketplace
0.39 miles
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Bergdorf Goodman, Canada Goose
0.40 miles
