Cushman & Wakefield chosen to market the Upper East Side properties of the National Academy Museum and School

Manhattan, NY The Board of Trustees and an Advisory Committee of National Academicians of the National Academy Museum and School (NA) have jointly listed the institution’s current Fifth Ave. and East 89th St. addresses on New York’s Upper East Side, and the organization’s active search for a new institutional home. The Academy is capitalizing on the current addresses in order to establish a permanent endowment—the first in the organization’s 190-year history—as well as to generate revenue for a new facility to continue to protect the collection of 7,700 objects within the National Academy’s permanent collection and to continue the NA’s organizational mission. The three National Academy properties—which occupy a gross s/f of approximately 54,200 s/f at 1083 Fifth Ave., and 3, 5 and 7 East 89th St. in the Carnegie Hill section of New York’s Upper East Side—are listed exclusively by the New York office of global real estate firm Cushman & Wakefield for a collective price of $120 million. The properties were gifts made to the NA by Archer M. Huntington. The NA has occupied the Fifth Ave. museum property since 1942. In addition, the National Academy has also retained the services of New York Citybased Denham Wolf Real Estate Services to facilitate the search for the organization’s new home. Denham Wolf provides real estate services to New York’s nonprofit sector. As a mission-based firm, Denham Wolf will assist in locating a permanent new home for the National Academy and its collection that best serves the institution’s mission and programs. Founded in 1825, the National Academy is the only institution of its kind that integrates a museum, art school and association of artists and architects dedicated to creating and preserving a living history of American art and architecture. To learn more, please visit www.nationalacademy.org