20-28 W 33rd St
New York, NY 10001 Koreatown

• Unit Size: 13,998 SF
• Condo Use: Office
• Price: Price Upon Request
• Sale Type: Investment

Description

Currently the unit is owned and occupied by The Fencers Club, the oldest fencing institution in the Western Hemisphere, operating continuously since 1883. This 140-year operational history demonstrates remarkable stability, while the club’s membership of business executives, cultural figures, and competitive athletes create a diverse, high-net-worth profile that underpins financial dependability. Additionally, the condo unit’s specialized nature works in investors’ favor. The organization’s distinctive facility requirements and substantial capital investment in professional-grade pistes (the playing area where fencers compete), scoring equipment, and armory create significant barriers to relocation, enhancing lease security. Moreover, The Fencers Club maintains an interest in preserving its New York City presence which cultivates a secure tenant relationship.

Sale Notes

Jones Lang Lasalle (“JLL”) and OPEN Impact Real Estate have been retained on an exclusive basis to arrange the sale-leaseback opportunity of Unit #2002 at 20 West 33rd Street, a 13-story, mixed-use condominium building in the heart of the Penn District in Midtown Manhattan. This 13,998 square foot condominium unit delivers immediate cash flow through a long-term lease while providing stable returns and operational certainty.