PRIME LOCATION, MIXED USE, VALUE ADD!

For Sale - Off-Market - Manhattan - Midtown East

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Net Operating Income: $918,376

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Key Details

Property Type
Mixed Use
Neighborhood
Midtown East
Property Dimensions
25.42 x 100.0
Property Area
15,000 sq.ft.
Total Units:
32
Stories:
6
NOI
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Price
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Price Per Unit
-
Cap Rate
-%

Listing Description

The Investment Sales Team at Corcoran presents this mixed-use corner property in the heart of Midtown East. The 30 residential units are free-market allowing a potential investor to increase the operating income by increasing rents. There are also 3 income producing ground floor commercial units with high visibility. With large institutional employers such as the United Nations and being in close proximity to the Manhattan Central Business District, this property has the potential to operate as a luxury rental.

Property Details

Block/Lot:
Contact Agent
Lot Dimensions
25.42 x 100.0
Lot Area
2,542 sq.ft
Zoning:
C5-2
FAR as Built:
5.9
Max FAR:
10.0
R.J. LennonDouglas Elliman
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Sales & Transactions

AddressSale PriceSale DateProperty Type
224 EAST 59TH STREET$14,000,00006/20/2018Mixed Use
245 EAST 55TH STREET$19,500,00004/19/2018Mixed Use
973 2 AVENUE$5,500,00012/23/2016Mixed Use
224 EAST 59TH STREET$11,400,00005/10/2016Mixed Use
248 EAST 49TH STREET$10,350,00005/02/2016Mixed Use
230 EAST 53RD STREET$5,850,00003/15/2016Mixed Use
420 EAST 54TH STREET$390,000,00001/28/2016Mixed Use
242 EAST 50TH STREET$9,875,00012/21/2015Mixed Use
320 EAST 49TH STREET$7,161,00012/18/2015Mixed Use
947 SECOND AVENUE$8,500,00012/02/2015Mixed Use