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

Condo - New York State - For Sale

Località Stati Uniti Data di inserimento: 29.03.2017 alle 19:11 Data di scadenza: 17.02.2031 alle 11:23 Visualizzazioni: 156 ID annuncio 476551

Dati tecnici

Destinazione d’uso
Vendita
Superficie
263 m²
Piano
1

Descrizione

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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