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Hidrock Will Convert Herald Square Property to Office Condos
Hidrock Properties will convert 35 W. 36th St., a 12-story, 78,000-square-foot office building in Midtown’s Herald Square submarket, to office condominiums. Office condo specialist Rudder Property Group has been retained as the exclusive sales and marketing team.
“This conversion presents an opportunity for professional services and creative firms, fashion and apparel companies and non-profits to sidestep the often-volatile leasing market and begin reaping the benefits of office condominium ownership,” said Michael Rudder, principal of Rudder Property Group.
The units, measuring 3,300 square feet or 6,600 square feet, respectively, may be purchased for use as a primary office space or as an investment for passive income. Asking prices at 35 W. 36th are expected to begin at just under $3 million for a half-floor unit.
A new website has been launched to provide potential buyers with access to floorplans, building specs and information on the benefits of purchasing an office condo.
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