What exactly is a user building? A user building is typically a vacant property that someone purchases to occupy for their own business. This business can be anything from a retail store to a corporation, a nonprofit organization, a foreign government, or a healthcare agency—essentially, any entity that needs space for its own use.

In this section, you’ll find a summary of some of the user buildings we’ve sold, along with a study of the user market dynamic. Over the past 40 years, user buyers have paid, on average, a 16 percent premium above what investors are willing to pay. This reflects a distinctive feature of the New York City marketplace. Take a look at some of the notable companies and organizations that have purchased these buildings to serve as their headquarters. Enjoy exploring these unique transactions.