162 W 56th St - Apartments CONDO FOR SALE


New York, NY 10019
$10,000,000 USD
917-386-3245
162 W 56th St, New York, NY for Sale
$10,000,000 USD
Apartments CONDO - FOR SALE
1/10
null | 4.96% Cap Rate

162 W 56th St
New York, NY 10019


HIGHLIGHTS

  • Incredible access to public transportation. NQRW, as well as F trains are only 1 block away, with 1, ABCD trains within walking distance.
  • Corner building with views of NY landmarks. Located across the street from Carnegie Hall, and close to other Midtown landmarks

OVERVIEW

This opportunity is unique - the building is 100% leased, with short lease terms. These professional office units are in demand. The projected market rents for similar units are 27% higher, could lead to an increase in NOI of 76%. (see flyer for details) PROPERTY HIGHLIGHTS Corner building with views of NY landmarks. Located across the street from Carnegie Hall, and close to other Midtown landmarks like Times Square, Central Park, and Columbu Circle. 4 full floors, of 7 offices each, with various floor plans and sizes to meet different tenants’ needs. Every office unit has a private bathroom, attracting tenants who have water requirements, like medical, salon and office users. Modernized elevator, exclusive use of the Commercial Lobby and the elevator therein, giving office tenants and customers direct, preferred access to the building. Incredible access to public transportation. NQRW, as well as F trains are only 1 block away, with 1, ABCD trains within walking distance.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

4.96%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carnegie Plaza

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

76,364 SF

STORIES

15

BUILDING CLASS

C

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,536 SF

ZONING

C6-6, New York, R5

APN/PARCEL ID

1008-1601,1008-1602

ASK ABOUT THIS PROPERTY

Yitzhak LoriaYitzhak Loria Management, LLCMore Info
917-386-3245

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Yitzhak LoriaYitzhak Loria Management, LLCMore Info
917-386-3245

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.