May 13, 2005

Antique carpet and furniture Showroom Building 8 West 30th Street to be put up for sale.

AB Partners LLC and Helmsley- Spear Inc. have been appointed co-exclusive sales agents for the sale of 8 West 30th Street between Fifth Avenue and Broadway in New York City.

The property is a 12-story, approximately 125,431 square foot concrete-and-steel fully sprinklered office building, on a 100 X 98.9 plot. . The entire property lies within an M1 – 6 zoning district, which has an as-of-right floor to area ratio (FAR) of 10.

8 West 30th Street backs up to West 29th Street which is part of the famous marble Collegiate Church property on the northwest corner of Fifth Avenue.

Located on 30th street between Fifth Avenue and Broadway (150 feet off Fifth Avenue), the property lies in the heart of Midtown Manhattan, one of New York’s busiest central business districts. 8 West 30th Street is conveniently located blocks away from the Empire State Building, Herald Square, Madison Square Garden, Penn Station and the Marble Collegiate Church.

According to the ABP Sales Team, they believe current rents are substantially less than current market rents. Providing the new owner with significant opportunity, they further noted that 100x100 buildings are very efficient operationally.

Earle Altman, Gregg Schenker, Steven Hornstock, Randy Modell and Rick Weisfish of AB Partners will be handling the sale along with Thomas Schwartz of Helmsley-Spear Inc.