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The First

Medically-Focused

New Development Project

on the Upper East Side

1520 First Avenue will be New York City's largest privately-developed medical office building. The property is being developed by Extell Development, with substantial completion slated for 2Q 2025.

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1520 First Avenue is a 435,000 square-foot, 30-story, mixed-use tower in the heart of Manhattan’s medical corridor.

Spacious, Customizable Floor Plates

The property offers mostly column-free floor plates spanning up to 21,056 SF and ceiling heights from 13 to 15 feet. The site’s expansive footprint allows for large floor plates that provide maximum flexibility for tenant build-outs and improvements.

Efficient Core

Compact side core providing large uninterrupted floorplates ideal for the space planning and programming of healthcare-oriented tenants.

Occupying the full easterly block front on First Avenue from East 79th to East 80th Street, the property is centrally located within the Upper East Side medical cluster–home to six of the world’s most prestigious hospitals and biological/medical research centers.

Increased Natural Light

Oversized 8’ tall by 6’ wide windows, a Light and Air Easement agreement with the neighbors, and the increased width of E79th Street and 1st Avenue allow for abundant natural light and stunning views from all four facades of the building.

Outdoor Spaces

The building features a lush green roof and opportunities to access outdoor spaces + private terraces.

1520 First Avenue is a 435,000 square-foot, 30-story, mixed-use tower in the heart of Manhattan’s medical corridor.

Occupying the full easterly block front on First Avenue from East 79th to East 80th Street, the property is centrally located within the Upper East Side medical cluster–home to six of the world’s most prestigious hospitals and biological/medical research centers.

Spacious, Customizable Floor Plates

The property offers mostly column-free floor plates spanning up to 21,056 SF and ceiling heights from 13 to 15 feet. The site’s expansive footprint allows for large floor plates that provide maximum flexibility for tenant build-outs and improvements.

Efficient Core

Compact side core providing large uninterrupted floorplates ideal for the space planning and programming of healthcare-oriented tenants.

Increased Natural Light

Oversized 8’ tall by 6’ wide windows, a Light and Air Easement agreement with the neighbors, and the increased width of E79th Street and 1st Avenue allow for abundant natural light and stunning views from all four facades of the building.

Outdoor Spaces

The building features a lush green roof and opportunities to access outdoor spaces + private terraces.

Designed. For. Medical

Built For

Healthcare

The building incorporates both DOH and Article 28 requirements provided for creating an ideal setting for outpatient facilities, such as ambulatory care and surgical facilities.

High-Performance

Facade and Systems

High-performance facade and mechanical systems enhance user comfort and energy efficiency, while reducing operating and utility expenses.

Enhanced

Building Filtration

Post-COVID enhancements specific to healthcare solutions include increased ventilation and enhanced filtration throughout the building.

Building Overview

Tower

Mid - Rise

Lobby & Retail

Floors 18-30

VIEW IMAGES AND TEST FITS

Exceptional Views

Unobstructed views of the East River and beyond due to Light and Air Easement agreement with neighbors.

Optimal Scale

Floor proportions and dimensions are optimal for boutique healthcare practices and concierge medicine.

BUILDING FACT SHEET

Average Size: 5,889 SF | Total Size: 76,561 SF

Outdoor Space

The Tower Block offers an expansive outdoor terrace on Floor 19.

Rapid Access

Floors 9-30 will have six elevators for minimal wait time, two of which will be oversized for gurneys.

Gallery

Exterior Photos Interior Photos Interior Renderings Lobby Renderings

〈 1/13 Construction progress as of October 2024 〉

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〈 2/13 Exterior aerial photograph of the tower 〉

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〈 3/13 Exterior detail photograph of the tower 〉

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〈 4/13 Exterior aerial photograph — terrace areas are renderings 〉

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〈 5/10 Exterior detail photograph of the tower 〉

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〈 6/10 Construction progress as of October 2024 〉

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〈 7/10 Construction progress as of October 2024 〉

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〈 8/10 Construction progress as of October 2024 〉

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〈 9/10 Construction progress as of October 2024 〉

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〈 10/10 Construction progress as of October 2024 〉

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Availability

Ground-up build. Sky-high views.

| Southern view

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Ground-up build. Sky-high views.

| Eastern view

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Ground-up build. Sky-high views.

| Northeast view

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Ground-up build. Sky-high views.

| Northwest view

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Project Status

Upon completion, 1520 First Avenue will be New York City's largest privately-developed medical office building. The property is being developed by Extell Development, with substantial completion slated for 2Q 2025.

Foundation

Work

Completed

Superstructure

Top-Out

Completed

Facade

Curtain Wall

Completed

Tenant

Construction

1Q 2025

Foundation

Completion

2Q 2025


Developer

Leasing

Construction Manager

Architect

Workplace

For more information, contact:

Justin DiMare Executive Managing Director justin.dimare@nmrk.com t. 212-372-2083

Jonathan Fanuzzi Executive Managing Director jonathan.fanuzzi@nmrk.com t. 212-372-2036

Stephen Gordon Executive Managing Director stephen.gordon@nmrk.com t. 212-372-2375