The Building:

132 West 31st Street is a 417,922 square foot Class B office building conveniently located in the Penn Station area, a neighborhood renowned for its superior access to tri-state area transportation and as home to the City's finest department stores, hotels, retail establishments, restaurants, the James A. Farley Post Office-the future site of the new Penn Station-and Madison Square Garden. The block-through building offers separate entrances on both West 30th and West 31st Streets between Avenue of the Americas and 7th Avenue, and is currently home to 18 tenants.

Property Description :

• 417,000 Square Feet
• 18 Stories
• Built in 1925

Amenities:

• The Property is ideally situated within walking distance of the trains at Penn Station, the buses at Port Authority Bus Terminal, and an abundance of area subway lines
• The Property will be within walking distance of the new Penn Station, scheduled to open by 2010 and is ideally situated less than two blocks east of the Far West Side redevelopment zone

Major Tenancy:

• Health Insurance Plan of Greater New York
• Merisel
• Northern Leasing

Contacts:
Kevin Collins
Chief Financial Officer
212-279-9000