New York, NY

The Interior Arts Building

Property Overview: The Interior Arts Building, located at 306 East 61st Street, is a destination design building situated in the heart of the Upper East Side design district. The building houses leading galleries, antique and furniture dealers, and design businesses that each offer an experienced, curated eye.

Acram Group purchased the Property with the intention of repositioning it, but quickly realized that the building’s design legacy was more valuable than originally underwritten. As such, Acram decided to invest capital and re-brand the property as The Interior Arts Building and fully embrace the design community in order to create the crown jewel destination property for the leading interior companies in the world.

Address:
306 East 61st Street
New York, NY 10011

Property:
81,000 sf loft style building

Acquisition Date:
February 2018

Strategy:
Value-add

Status:
Unrealized

Website:
interiorartsbuilding.com