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Non-Profit Net Lease 120 E 32nd St 9,797 SF Office Building New York, NY 10016 $8,000,000 ($816.58/SF) 10.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime commercial investment property offered at 10.75% cap rate.
- 20+ Year tenant history.
- Net leased to city-funded community benefit non-profit organization.
EXECUTIVE SUMMARY
B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 120 East 32nd Street (the "Property"). The Property is a commercial asset in the heart of Midtown Manhattan that is net-leased to a well established non-profit providing community benefit services.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,797 SF
Building Class
C
Year Built
1915
Price
$8,000,000
Price Per SF
$816.58
Cap Rate
10.77%
NOI
$861,487
Tenancy
Single
Building Height
6 Stories
Typical Floor Size
1,633 SF
Building FAR
4.50
Lot Size
0.05 AC
Zoning
C6-2A
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 0887-0087 | Improvements Assessment | $2,750,400 |
| Land Assessment | $443,250 | Total Assessment | $3,193,650 |
PROPERTY TAXES
Parcel Number
0887-0087
Land Assessment
$443,250
Improvements Assessment
$2,750,400
Total Assessment
$3,193,650
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Non-Profit Net Lease | 120 E 32nd St
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