Office Building - Nyc commercial office retail properties

Published on September 22, 2022
Modified on September 22, 2022
Published by Jazz
Viewed by 7 people
#1167
35000000.00 $US

Description of item

1)
Sale Price: Upon Request
Year Built: 1924
Property Type: Office
Building Class: B
Building Size (SF) 117,431 SF
Description
West 38th Street New York, New York for sale. The Property is an apprx. 117,000 RSF modernized loft office and retail building on the south side of 38th Street between Seventh and Eighth Avenues in Manhattan. The Property presents a unique opportunity to acquire an institutional-quality asset with significant in-place cashflow, high occupancy and little to no required capital expenditures.

Highlights

MODERNIZED INSTITUTIONAL QUALITY OFFICE & RETAIL ASSET.
SIGNIFICANT OCCUPANCY, CASHFLOW & REMAINING LEASE TERM.
RENOVATED LOBBY, ELEVATORS, HVAC, BATHROOMS & TENANT SPACES.
$5M RECENT CAPITAL IMPROVEMENTS.
IDEAL FLOORPLATES WITH REMARKABLE LIGHT & AIR.
ADJACENT SIGNIFICANT REDEVELOPMENT AND PUBLIC TRANSPORTATION.


2)

Details

Sale Price: $35,000,000
Property Type: Office
Building Class: B
Building Size (SF) 67,534 SF
Description

West 36th Street in Manhattan, NY (the “Property”) for $35 million. The Property is an improved 85’ x 98.75’ lot with in-place cash flow and 83,940 ZFA of future development potential, offering investors a rare covered-land opportunity within the Special Garment Center District between Midtown South, the Garment Center and Penn Plaza.

Highlights

PREMIER LOCATION ADJACENT MAJOR REDEVELOPMENT.
COVERED LAND WITH UPSIDE.
EXCEPTIONAL PUBLIC TRANSPORTATION & AREA AMENITIES.


3)

Details

Sale Price: $59,000,000
Year Built: 1911
Property Type: Office
Building Class: C
Building Size (SF) 107,300 SF
Description

East 40th Street in Manhattan, NY (the “Property”). The Property is a 107,300 RSF office building ideally located in the Midtown East submarket adjacent to Bryant Park and Grand Central Terminal. Situated on the South side of 40th Street between Fifth Avenue and Madison Avenue, the 12-story, block-through building offers 8,300 RSF floorplates, creating a full-floor experience that maximizes efficiency and allows for flexible configurations. The Property benefits from recent capital improvements, with ownership investing over $3 million to install a sprinkler system in compliance with Local Law 26, re-imagine the lobby with white marble and updated technology, enhance elevator mechanicals, add an additional passenger elevator cab, and implement a state-of-the-art fire command system with ARC system. The Property is currently 60% occupied, providing investors with stable in-place cash flow while also offering immediate upside in the renovation and leasing of current vacancies. The Midtown East Submarket is home to some of the most iconic skyscrapers in the city, such as the Chrysler Building, Rockefeller Center, and the recently completed One Vanderbilt. In 2017, the New York City Council unanimously approved a rezoning for the neighborhood with the goal of modernizing the area. By promoting new development and improving public transit and public spaces, the rezoning will ensure Midtown East remains a world-class business district. Anchored by Grand Central, Bryant Park, and Times Square, the Property offers unparalleled accessibility via the Metro-North commuter rail serving Westchester County, NY, and Fairfield and New Haven Counties in CT, and virtually every subway line in the city.

Highlights

Popular location & unparalleled accessibility
In-place cash flow with significant upside
Boutique, ~8,300 rsf office floor-through floorplates
Premier office submarket
Long-term retail tenant
Recent capital improvements
Residential conversion as-of-right




4)

Details

Sale Price: Inquire for Pricing
Year Built: 1883
Property Type: Office
Building Class: A
Building Size (SF) 39,788 SF
Description

East 125th Street. Park Avenue and 125th Street, the building is located on one of the most prominent corners on the main artery of Central Harlem, one of the more vibrant and burgeoning neighborhoods in all of Manhattan. The Building is an approximately 39,788 rentable square foot class-A mixed-use commercial building with retail on the ground floor and office floors above. The property has undergone a three-year complete redevelopment and transformation into a best-in-class prime commercial loft building.

Highlights

Newly redeveloped boutique loft office & retail building.
Apprx. 39,788 RSF / 5,316 RSF floorplates.
Significant tax savings (ICAP & REAP).
Prime Park Avenue location.
Unrivaled accessibility.
Adjacent significant new and future development.


Location

Country
United States
Region
New York
City
New York
Address
West 36 Street