244 E 53rd St - Storefront Retail/Residential FOR SALE


New York, NY 10022- Midtown East
$8,250,000 USD
212-696-2500
244 E 53rd St, New York, NY for Sale
$8,250,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

244 E 53rd St
New York, NY 10022
Midtown East


HIGHLIGHTS

  • Restaurant on Ground Floor and Second Floor - Both with 4AM Liquor License
  • Luxury, Free-Market Rental Apartments Upstairs
  • Balcony Space and Rooftop Access to all Tenants

OVERVIEW

Cushman and Wakefield has been exclusively retained to offer a very rare and unique opportunity to acquire the 100% fee simple interest in 244 East 53rd Street (“The Property”) in Midtown East, Manhattan. The Property underwent a complete renovation in 2019 and an additional story was added, creating a state-of-the-art mixeduse asset. The basement, first floor, and 2nd floor are built as restaurant space and the upper two floors plus mezzanine are luxury rental apartments. The property is 6,358 square feet above grade and 8,209 square feet including the basement.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$1,576 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,895 SF

ZONING

R8B

APN/PARCEL ID

1326-0030

ASK ABOUT THIS PROPERTY

William ConradCushman & WakefieldMore Info
212-696-2500

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William ConradCushman & WakefieldMore Info
212-696-2500

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