News: Brokerage

Polsinelli and Sachmechi of Compass sell former Bideawee Animal Shelter

410 East 38th Street - Manhattan, NY

Manhattan, NY Adelaide Polsinelli, vice chairman of Compass, along with Natalie Sachmechi, also of Compass, sold Bideawee Animal Shelter. Located along the Medical Mile corridor, facing the United Nations, this property, located at 410 East 38th St., has been sold for the first time in over 150 years.

Situated in Midtown East, between First Ave. and the FDR, the property has a four-story, elevator-serviced structure spanning 10,000 s/f. With 84 ft. of frontage along 38th St., offering views of the United Nations and the East River, the property offers visibility and accessibility.

Polsinelli said, “The discerning purchaser of this property will benefit from a neighborhood teeming with vibrant residential development and renowned medical and life science institutions.”

Sachmechi said, “The allure of this building presents an unparalleled opportunity to own real estate that is positioned to excel.”

Formerly housing offices, a veterinary medical facility, and recreational spaces for pets, the Bideawee Animal Shelter transitions to a new chapter following a century-old legacy in Murray Hill. Bideawee, one of the nation’s longest serving animal rescue organizations renowned for its commitment to animal welfare, has provided a sanctuary for dogs and cats, delivering comprehensive medical care, socialization, and adoption services. Bideawee will be continuing its legacy at their new state of the art location in Chelsea and West Hampton.

Polsinelli said, “The current real estate cycle offers user buyers the best opportunity in over two decades, to buy property and own their future.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.