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122 E 55th St 7,650 SF 80% Leased Office Building New York, NY 10022 $8,500,000 ($1,111.11/SF)
EXECUTIVE SUMMARY
122 E 55th Street is a five-story commercial building with retail and office space in the heart of Midtown East. The property totals ±7,650 SF, includes a full basement, and offers ±11,180 SF of unused development rights. Zoned C5-2, the site is ideal for repositioning, owner-occupancy, or future redevelopment. Located just off Park Avenue, the building features outdoor space on multiple levels and strong visibility on a premier East 55th midblock. Currently a mix of in-place income and a vacant floor, this asset offers immediate upside. The building could also be delivered vacant within a reasonable time frame.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,650 SF
Building Class
B
Year Built/Renovated
1920/2023
Price
$8,500,000
Price Per SF
$1,111.11
Percent Leased
80%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,530 SF
Building FAR
4.39
Lot Size
0.04 AC
Zoning
C5-2 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region
AMENITIES
- 24 Hour Access
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Full floor in boutique building in move-in condition.
| Space | Size | Space Use | Condition | Available |
| 4th Floor | 1,400 SF | Office | - | Now |
4th Floor
| Size |
| 1,400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Floor
| Size | 1,400 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Full floor in boutique building in move-in condition.
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 1309-0063 | Improvements Assessment | $675,000 |
| Land Assessment | $508,500 | Total Assessment | $1,183,500 |
PROPERTY TAXES
Parcel Number
1309-0063
Land Assessment
$508,500
Improvements Assessment
$675,000
Total Assessment
$1,183,500
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Presented by
Bridge Bay Capital
122 E 55th St
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