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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent