Investment Opportunity: Two buildings, 59 Units, Seller will hold 2nd Mortgage, 54 ARE VACANT
| Price: | Usage: | Neighborhood: |
|---|---|---|
| $23,950,000 | Investment Sales | Murray Hill |
Property Description
SELLER WILLING TO HOLD 2nd MORTGAGE
Two six-story walk-up buildings with one double-store and 59 apartments, 19 two-bedrooms, 29 one-bedrooms, and 11 studios.
54 apartments are vacant (many are renovated).
There are 13,866 sq. ft. of additional air rights.
New awnings, lighting, marble lobbies, and roof. Recently steam cleaned. All upgraded building systems. Facing St. Varten’s Park.
Plot Size: 75’ x 100’
Built: 84’
Zoning: R8
FAR: 6.02
Murray Hill is a neighborhood in the New York City borough of Manhattan that extends south from 42nd Street to meet the neighborhood of Gramercy (or Rose Hill as the northern half of Gramercy is often referred to) at 29th Street. Its western border is at Fifth Avenue and eastern border now extends beyond Lexington Avenue, to meet the distinct waterfront neighborhoods of Kips Bay and Tudor City at Second Avenue. The area has many doorman buildings with various amenities, and is a great neighborhood for young professionals. Great opportunities for commercial class A, B and C office space with buildings amenities such as 24-hour doormen and access, dedicated elevators, sophisticated reception and conference areas, IT support, impressive views and large windows. Tenants looking to lease or sublease office space in this New York neighborhood can expect to rub shoulders with creative advertising, marketing, PR, and media companies as well as boutique hedge funds, asset managers, and law firms. Major thorough fares include Park, Madison, and 5th Avenue and Grand Central 4,5,6,S and 34th St. B,D,F,N,Q,R,V,W subway stops.
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