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UN-Area Office Condo Attracts 3 Full-Floor Buyers

NEW YORK CITY- The United Arab Emirates, the African Union and the American University of Beirut each purchase a floor at 3 Dag Hammarskjold Plaza in the United Nations District. Asking prices for the space range from $415 to $500 per sf.

By Glen Thompson | Updated on October 17, 2002

NEW YORK CITY-3 Dag Hammarskjold Plaza, a pricey office condominium located in the United Nations District, has sold three full floors to three separate tenants. The United Arab Emirates, the African Union and the American University of Beirut have each bought space in the building.

The United Arab Emirates acquired the entire 13,063-sf seventh floor of the 12-story property at 305 E. 47th St. to house its mission to the UN. The African Union, formerly the Organization for African Unity, purchased the 13,183-sf fifth floor, also for use as headquarters for its UN mission. And the American University of Beirut will use the eighth floor, 12,047 sf, as executive office. Transaction terms have not been released, but the asking price per sf for the seventh floor was $450, the fifth-floor asking price was $415 per sf and the eighth floor carried an asking price of $500 per sf.

GVA Williams executive director Alex P. Jinishian and senior director Harry F. Blair represented building owner Stahl 3 Dag Condominium LLC in each of the transactions. Kay Foster of Halstead Property Co. represented the university and Michael Privitello of Brown Harris Stevens brokered for the African Union. GlobeSt.com was unable to reach representatives of the United Arab Emirates.

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