Frontier Square

41,000 SF of Office space available at 973 Avenue of the Americas, New York, NY 10006. For Sale through Atlas Property Group.

For SaleStatus

41,000 SFAvailable

$98.25/SFAsking rent

$1.21BAsking price

6.71%Cap rate

1909Year built

AClass

Property facts

Property type	Office
Building class	A
Rentable area	1,426,000 SF
Available	41,000 SF
Stories	56
Year built	1909
Typical floor	25,464 SF
Lot size	3.32 acres
Parking ratio	1.0/1,000 SF
Occupancy	97.1%
Zoning	C6-4
Parcel ID	12-102-4140
Submarket	Financial District
Market	New York City
Days on market	435
Walk Score	72
Transit	Highway access I-35
Listing package	Silver

Building amenities

EV Charging, Property Manager on Site

Spaces available

Floor	Use	Type	Size (SF)	Asking rent	Term	Status
P 40th	Office	Direct	14,590	On request	Negotiable	Vacant
P 32nd	Retail	Sublet	12,520 – 26,410	On request	Thru Sep 2032	Vacant

Major tenants

Tenant	Industry	Floor	SF	Lease expiry
Redline Robotics	Media	54	268,610	2029-03-01
Westfall Legal	Real Estate	14	271,090	2026-09-01

Sale history

Date	Price	$/SF	Cap rate	Buyer	Seller
2026-02-02	$918.89M	$644.38	8.91%	Halcyon Property Trust	Redwood Property Trust
2020-12-19	$478.8M	$335.76	8.88%	Gulf Coast Realty Partners	Juniper Real Estate
2018-05-21	$295.45M	$207.19	7.90%	Gulf Coast Realty Partners	Pemberton Capital

Public record

Owner of record	Kestrel Investment Group LLC
Assessed value	$96.45M
Land value	$35.73M
Improvement value	$60.72M
Annual tax	$1.51M
Tax year	2026
Lot size	144,619 SF
Last deed	2018-10-23
Deed type	Special Warranty Deed
Legal description	LOT 39 BLK 738 FINANCIAL DISTRICT ADDN

Location

973 Avenue of the Americas
New York, NY 10006
Financial District submarket · New York City market

40.71974, -74.00168

Open in RealStar

Listing package

Silver — Priority placement above all free listings.

Priority placement above every free listing, expanded photo set, full space-by-space availability table and a monthly performance report.

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