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Old 10-27-2005, 10:59 PM
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Lightbulb The pre-war office building in Midtown goes on the market

NEW YORK CITY-The ownership of a pre-war office building in Midtown West has placed the nearly 200,000-sf site on the market with an asking price of $60 million or, approximately $300 per sf. The site at 330 West 38th St. last changed hands two years ago in a $30-million deal.

“Midtown West, with its close proximity to both Penn Station and Times Square, is a burgeoning office location,” Miller adds. “Rents in the building average $22 per sf which is significantly lower than rents in Midtown, now averaging $53.94 per sf.

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