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Office Property For Sale

63rd + PARK AVE PRIME LOCATION NYC

591 Park Avenue, New York, NY 10065

Price:
$15,000,000
Building Size:
10,100 SF
Price/SF:
$1,485.15
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
2,000 SF
Find Out More...

Last Verified 11/6/2009 Listing ID 16431931

Description

PRIME LOCATION INCOME PRODUCER > UNUSED AIR RIGHTS!

A truly unique opportunity to own an amazing building in the most expensive part of Park Avenue with a private backyard and a beautiful solarium.

Currently a multi family elevator building containing 9 Units with Short Term tenants, this building can be delivered vacant or with an income.

The property has an additional 3600 Square Feet of unused air rights. Two options exist: Creating 4 amazing duplex Condos or a Single Townhouse for a user. The potential to have an amazing penthouse with medical offices below may also exist. Please see the flyer for more details attached below in floor plans.

Amenities: Central Air Conditioning, Deck, Elevator, Fireplace, Patio, and Private Outdoor Space

...

Financial Summary

Actual
Net Operating Income
$1,200,000

Map of 591 Park Avenue, New York, NY 10065 (New York County)

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Created 10/14/2009

Additional Information for 591 Park Avenue, New York, NY 10065

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - 63rd + PARK AVE PRIME LOCATION NYC

591 Park Avenue, New York, NY, 10065