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