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222 E 58th St
New York, NY 10022
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Midtown High-Traffic Retail for Lease or Sale
- Extensive Transportation Nearby
- Steps from Bloomingdale’s, Bloomberg HQ, and major hospitals
- Surrounded by Home Furnishing, Building Materials and Interior Design, Restaurants, Hospitals and Rockefeller University
- Long Frontage with Big Windows
EXECUTIVE SUMMARY
• Space (Approxi.) 1600 SF Ground Floor Retail, and 1400 SF Basement • Frontage (Approxi.) 50-FT • Ground Floor - Vacant (1) Has Two Separate Entrance and an Emergency Exit (2) 4-Bathrooms (3) 225 SF Outdoor Space (4) Extra Water Line is in Place • Basement -Occupied (1) Finished and Fully Vented (2) Occupied by a Well-Established Catering Company
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Basement
- Instant Hot Water
- Porch
- Skylights
- Vinyl Flooring
- Floor to Ceiling Windows
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- On-Site Retail
- Elevator
- Smoke Detector
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 4,000 SF | Cap Rate | 4.32% |
| Condo Use | Retail | NOI | $201,956 |
| Sale Type | Investment or Owner User |
| Unit Size | 4,000 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.32% |
| NOI | $201,956 |
DESCRIPTION
- Space (Approxi.) 1600 SF Ground Floor Retail, and 2400 SF Basement
- Frontage (Approxi.) 50-FT
- Ground Floor - Vacant
(1) Has Two Separate Entrance and an Emergency Exit
(2) 4-Bathrooms
(3) 225 SF Outdoor Space
(4) Extra Water Line is in Place
Basement -Occupied
(1) Finished and Fully Vented
(2) Occupied by a Well-Established Catering Company
SALE NOTES
Compass is the exclusive sales broker for the retail condominium located at 222 East 58th Street (the “Property”).
The Property features approximately 50 feet of frontage with a striking wall of windows, offering excellent street visibility. It consists of a 1600-square-foot ground-floor commercial retail space and an approximately 2,400-square-foot vented, finished basement. The ground floor is currently vacant, while the basement is occupied by Viva Events and Catering, a well-established catering company.
This offering presents an exceptional opportunity for both investors and end-users to own a retail condominium in Manhattan’s highly desirable Midtown East neighborhood. End-users can occupy the ground-floor space while collecting rental income from the existing tenant on the lower level.
Situated in Manhattan’s Center of Design District, the Property is adjacent to Decoration & Design (D&D) building, The Architects and Designers (A&D) Building, surrounded by a vibrant mix of home improvement, furniture, and interior design stores, along with numerous restaurants. It is steps from Bloomingdale’s, the Bloomberg headquarters, and just a few blocks from major hospitals and Rockefeller University. The location offers easy access to Queensboro Bridge and is conveniently located just two blocks from the Lexington Avenue/59th Street subway station (serviced by the 4, 5, 6, N, Q, and R lines).
+4 More
Interior
Interior
Interior
Interior
Basement 222 E 58th St
Interior
Gound Floor 222 E 58th St
Interior
Exterior
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 260 | - | 642 |
