246 W 38th St - Loft/Creative Space CONDO FOR SALE


New York, NY 10018- Garment District
$7,500,000 USD
917-912-1200
246 W 38th St, New York, NY for Sale
$7,500,000 USD
Loft/Creative Space CONDO - FOR SALE
1/19
null | Request Cap Rate

246 W 38th St
New York, NY 10018
Garment District


HIGHLIGHTS

  • Full Service Co-op building with elevator.
  • 14 Stories, 15 units

OVERVIEW

6 years left on the lease The tenant is been there since 2013 and the lease ends in 2028, current tenant is a good sports bar and restaurant, July 1 the rent is 26000 dollars a month. On Jan 1 2023 the rent is 28600 a month until Sep. the increase is 3% a year. Maintenance is 10600 a month and any increase is the tenant's responsibility

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$2,143 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

96,601 SF

STORIES

14

BUILDING CLASS

C

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

M1-6

APN/PARCEL ID

0787-0067

ASK ABOUT THIS PROPERTY

Paul SternMidtown Commercial Real EstateMore Info
917-912-1200

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Paul SternMidtown Commercial Real EstateMore Info
917-912-1200

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