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It appears that Sierra Realty Corp has been hired to market the landmark Commodore Criterion Building (202 5th Avenue between Broadway, 25th Street, and 26th Street) off of Madison Square Park. It consists of a net lease of 18,000 square feet, with naming rights, on 6 floors plus a basement. Here is the Commodore Criterion building flyer/floorplans.

Photo: Sierra Realty

You may recall walking past the eternal Santa display in the window in the unused retail space over many years, leftover from its use as a toy building. For years it just seemed like Santas in prison behind the metal window grates, even in the dead heat of summer.

The building is situated right in the heart of redevelopment off around Madison Square Park neighbored by Eataly, the headquarters of Tiffanys and Grey Advertising, a block down the street from luxury condo conversions at the Grand Madison and Madison Park North, SD26 and A Voce, and across Madison Square Park from Credit Suisse First Boston, Eleven Madison Park, Madison Green, and condo high-rise One Madison Park. The neighborhood has also seen recent additions of Trader Joes, The Ace Hotel, The Breslin and John Dory Restaurant, ilili, Hill Country Chicken, and Bar Breton, with the Flatiron Hotel and Nomad hotel coming in 2011 just a block away. PropertyShark says the building last sold in 2000.

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