125 E 39th St - Apartments FOR SALE


New York, NY 10016- Murray Hill
$8,200,000 USD
212-841-7500
125 E 39th St, New York, NY for Sale
$8,200,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

125 E 39th St
New York, NY 10016
Murray Hill


HIGHLIGHTS

  • Fully Functional Multi-Level Restaurant available for restauranteurs.
  • Significant Corporate Guaranteed Commercial Income while you plan your restaurant or re-let.
  • 100% Free Market Apartments offering significant upside potential with light renovation.
  • Tax Class 2B Protected offering advantageous tax benefits for long-term investment.
  • Spacious Apartments with private terraces and washer/dryers in the units.
  • High Foot Traffic Area residential enclave nearby Midtown office buildings. Close to Grand Central, Penn Station and multiple subway lines.

OVERVIEW

Cushman & Wakefield is exclusively retained to sell 125 East 39th Street, a mixed-use building located in the heart of Prime Murray Hill. The property boasts a fully functional multi-level restaurant space with a bar, lounge, and sit-down restaurant across the garden, basement, and second floors. Currently leased to Kawabun, a Michelin-starred restaurant that has gone dark, their rent is corporate-guaranteed through September 2027. For a new restaurant operator, the space could be vacated, making it an ideal turnkey opportunity for a restauranteur, owner-user or retailer seeking a prime location with move-in ready conditions. Above the retail, six (6) well-maintained, free market apartments (100%), offer secure cash flow and substantial potential for rent growth. The building spans 7,600± SF (plus an 1,840± SF usable cellar = 9,600± total SF) and presents a rare opportunity for both immediate cash flow from the residential units and future upside through the retail space and residential lease trade outs. The property also benefits from its Tax Class 2B designation, providing advantageous tax benefits for long-term investment. Additionally, with fewer than 10 units, the property may be exempt from 'Good Cause Eviction' laws, which can be beneficial for certain buyers. Situated in a high-demand area, the property is surrounded by major office buildings, restaurants, and retail, ensuring high foot traffic for businesses. The spacious one-bedroom apartments provide an opportunity for live-invest, owner occupancy or increased rents as leases roll over. The location is also well-served by transportation, with easy access to Grand Central Terminal, Penn Station, and multiple subway lines (4, 5, 6), (B, D, F, M) (1, 2, 3, N, Q, R, W) offering convenient travel for tenants and customers. Nearby landmarks like Bryant Park, Times Square, and the New York Public Library further enhance the property's appeal. 125 East 39th Street represents a rare and exceptional opportunity for investors or owner-users seeking a mixed-use property with both immediate income and strong growth potential in one of New York City's most vibrant neighborhoods.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$1,079 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,366,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R10, Manhattan

APN/PARCEL ID

0895-0018

ASK ABOUT THIS PROPERTY

Craig WaggnerCushman & WakefieldMore Info
212-841-7500

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Craig WaggnerCushman & WakefieldMore Info
212-841-7500

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