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Condo - New York State - For SaleCondo - New York State - For Sale - 2

Condo - New York State - For Sale

Standort Vereinigte Staaten Hinzugefügt am: 29.03.2017 um 19:11 Ablaufdatum: 17.02.2031 um 11:23 Seitenaufrufe: 205 Anzeigen-ID 476022

Technische Daten

Zweck
Verkauf
Grundstücksgröße
263 m²
Etage
1

Beschreibung

The Lulla Team has been retained on an exclusive basis for the sale of a retail-condominium located

at 5 East 44th Street. This is an incredible investment opportunity to own an approximately 2836 sq.

ft. ( 1876 on the first floor and 960 in fully usable basement) retail-condominium with 14' of frontage on a main commercial corridor with tremendous foot

traffic near Grand Central.

The subject property is currently occupied by a medical practice but will be delivered vacant and is

prime for an owner-user to occupy the space or makes a unique investment. The location is between

Madison and Fifth Avenue - neighboring tenants include Brooks Brothers, The Cornell Club of New

York, Allen Edmonds and Coach. This property represents a great opportunity for future ownership to

realize a high yield in an area where retail rents have been steadily on the rise, expected cap rate is

6-7%. It is one block from One Vanderbilt, which will be the city's tallest office tower building with

over $1.6 million square feet.

Amenities: Doorman, Elevator, Laundry In Unit, Washer

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