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