229 E 60th St
New York, NY 10022
Retail Property For Sale

Virtual Tour: http://229east60.com/ Besen & Associates, as exclusive agent for the Prince of Monteagudo, is pleased to offer for sale 229 East 60th Street, New York, NY 10022 (the “Galleum” or “Property”), an exceptional investment opportunity to purchase and reposition a vacant mixed-use building on Manhattan’s Upper East Side. The Galleum is a spectacular, newly re-constructed, 5,540± sq ft (above-grade), five story mixed-use building, with an ADA approved elevator, private garden, large rear veranda, and a roof deck that provides 360 degree panoramic NYC views. The Property is found on the north side of 60th Street between Third and Second Avenues in the heart of Manhattan’s Midtown East Decoration & Design District. The Property benefits from incredible access to public transportation, neighborhood attractions, restaurants, retail, and local amenities. Within one block is the Lexington Avenue/59th Street subway station servicing the 4,5,6 and N,R&W trains, and three blocks north is the entrance to the subway servicing the F and new Second Avenue Q train. Nearby attractions include the Bloomingdale’s Flagship Store, Central Park, the Decoration & Design Building, the Church of Our Lady Peace, Trinity Baptist Church, Roosevelt Island Tramway and the headquarters to the United Nations. The Galleum was taken down to the studs and underwent a no expense spared, three-year rebuild that was completed in June 2016. Only the finest materials were sourced and used from top to bottom. The construction features include: new steel beams, new electrical and plumbing, LED lighting throughout, new Mitsubishi HVAC system, high-speed (60 feet-per-minute) 4’X7’ elevator that services the roof, new concrete floors in the basement, new roof with 25-year warranty, and a custom-designed marble garden. Interior renovations to the Property include: three hospitality kitchens, walnut slab vanities, custom glass shower enclosures, new thermal window and doors, state-of-the-art security system with card readers & 16 security cameras, Vermont Slate floors on the first, second, and third floors, and new oak floors on the 4th and 5th floors. The Certificate of Occupancy permits retail and/or commercial offices/showroom on the first, second, and third floors and residential on the fourth and fifth floors. Currently the residential component of the building consists of two (2) one-bedroom floor-through apartments, one per floor. Additional air rights are intact so further development is possible.