204-206 E 58th St - Apartments FOR SALE


New York, NY 10022
$5,450,000 USD
212-776-1200
204-206 E 58th St, New York, NY for Sale
$5,450,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

204-206 E 58th St
New York, NY 10022


HIGHLIGHTS

  • . The property presents the opportunity for a new owner to renovate and re-tenant the vacant commercial space or for a user to occupy same.
  • he building has been well-maintained throughout its long-term ownership over the course of 40 years.

OVERVIEW

Lee & Associates NYC is pleased to present exclusively for sale the mixed-use asset located at 204-206 East 58th Street, New York, NY 10022 (the “Property”). Located in the Decoration & Design section of Midtown East, the Property features 40 feet of frontage on 58th Street between Second and Third Avenue. The current configuration of the building includes commercial units across floors 1 and 2, one of which is a commercial duplex with an internal staircase that occupies the entire second floor and will be delivered vacant. Floors 3 and 4 contain two residential duplexes that are 5-bedroom, 3-bathroom duplexes with internal staircases and private rear terraces that are master leased to an operating company. The property presents the opportunity for a new owner to renovate and re-tenant the vacant commercial space or for a user to occupy same. The building has been well-maintained throughout its long-term ownership over the course of 40 years and presents further upside with approximately 6,225 square feet of available air rights. Long-Term Ownership Assumable Financing at 3.2% Until 3/1/2030 Shorter Remaining Lease Terms Redevelopment Potential Decoration and Design District

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,362,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R8B, C5-2

APN/PARCEL ID

1331-0044

ASK ABOUT THIS PROPERTY

Thomas GamminoLee & AssociatesMore Info
212-776-1200

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

Thomas GamminoLee & AssociatesMore Info
212-776-1200

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