232 E 58th St 4,760 SF 100% Leased Office Building New York, NY 10022 $4,300,000 ($903.36/SF)

• Rare Opportunity & Long Term Ownership. The property has been owned and operated by the same family for over 70 years, presenting a rare opportunity to acquire a 4-unit mixed-use building in the heart of Midtown East.

• 100% Free Market – Value Add & Retail Repositioning. 232 East 58th Street represents a true value-add & retail repositioning opportunity. The asset consists of four units: a ±2,000 SF ground-floor retail space currently leased significantly below market, a full-floor boutique office, and two free market residential units – both of which can be converted to 2BR layouts to increase cash flow. Statutorily exempt from rent stabilization, the building is 100% free market, providing for immediate upside. Additionally, floors 2 & 3 will be delivered vacant upon sale, providing for immediate business plan execution upon acquisition.

• Multiple Investment Strategies. 232 East 58th Street features multiple investment strategies, including, but not limited to: converting the office floor to residential to capture historically strong rental demand, transitioning the asset into protected Tax Class 2A status, repositioning the under-market retail as the current term nears expiration, potential end-user occupancy of the restaurant, and executing a value add business plan through cosmetic renovations to increase cash flow significantly.

• Unrivaled Location. Positioned just off the corner of East 58th Street and 2nd Avenue, 232 East 58th Street sits on a quiet, tree-lined block at the nexus of Midtown East and the Upper East Side—two of Manhattan’s most affluent and high-demand neighborhoods. The property is surrounded by high-end national retailers, luxury condo towers, and ongoing residential development, forming a dense live-work-play ecosystem. With direct access to the 4/5/6, N/R/W, F, and Q subway lines, the Queensboro Bridge, and major bus routes, the location offers unrivaled connectivity to the entire city. Resultantly, high profile renters and retailers are eager to pay a premium for all this area has to offer.