300 East 42nd Street, New York, NY.
Square Footage: 237,000 sq. ft.
Date Acquired: August 2019
Somerset purchased 300 East 42nd Street in August of 2019 in partnership with Meadow Partners. The Property is a 237,000 square foot, 18 story full-block office building located on the 42nd Street corridor in Midtown Manhattan on 2nd Avenue between 41st and 42nd Streets. The Property’s block-through footprint results in three sides of unobstructed light and air offering exceptional view corridors. Located just two avenues from Grand Central Terminal, the Property has 14 subways lines, 31 commuter trains, 15 city bus routes, and 3 regular shuttles to the international airports within a 15-minute walk.
Somerset is planning a comprehensive capital improvement program featuring facade enhancements, modernized mechanical systems and upgraded elevators, basement amenity space, and a upgraded lobby experience and renovation with a canopy entrance. The Lobby will exhibit a significant art program that will complement the individual firm office experience.