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24 W 45th St - LENDER OWNED - Retail Unit - Academy House 1,635 SF Retail Condo Unit Offered at $2,395,000 in New York, NY 10036
INVESTMENT HIGHLIGHTS
- Heavy foot traffic. Most desired QSR through block in Midtown
EXECUTIVE SUMMARY
Operating Restaurant FULLY VENTED Currently on Month to Month occupancy at below market rents. Strategically Located In Midtown Manhattan Between 5th and 6th Avenue on one of the most busiest blocks in the city. Close To Major Landmarks. Neighbors include Starbucks, Safra Bank, UGG, Wendy's, Chipotle, Pret A Manger
PROPERTY FACTS
| Total Building Size | 16,200 SF | Floors | 9 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 1,800 SF |
| Property Subtype | Year Built | 1999 | |
| Building Class | B | Lot Size | 0.05 AC |
| Zoning | C6-4.5 | ||
| Total Building Size | 16,200 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 1,800 SF |
| Year Built | 1999 |
| Lot Size | 0.05 AC |
| Zoning | C6-4.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- High Speed Internet Access
- Oven
- Sprinkler System
- Grill
- Basement
- Freezer
SITE AMENITIES
- 24 Hour Access
1 UNIT AVAILABLE
Unit 1
| Unit Size | 1,635 SF | Sale Type | Investment or Owner User |
| Price | $2,395,000 | Cap Rate | 9.02% |
| Price Per SF | $1,464.83 | NOI | $216,000 |
| Condo Use | Retail | Sale Conditions | Lease Option, REO Sale |
| Unit Size | 1,635 SF |
| Price | $2,395,000 |
| Price Per SF | $1,464.83 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.02% |
| NOI | $216,000 |
| Sale Conditions | Lease Option, REO Sale |
DESCRIPTION
Restaurant Ready and Fully Vented with exhaust and cooking equipment Retail Commercial Condo Unit. Strategically Located In Midtown Manhattan Between 5th and 6th Avenue on one of the most busiest through blocks in the city. Close To Major Landmarks. Neighbors include Starbucks, Safra Bank, UGG, Wendy's, Chipotle, Pret A Manger
SALE NOTES
Operating Restaurant Currently on Month to Month occupancy at below market rents. Strategically Located In Midtown Manhattan Between 5th and 6th Avenue on one of the most busiest blocks in the city. Close To Major Landmarks. Neighbors include Starbucks, Safra Bank, UGG, Wendy's, Chipotle, Pret A Manger
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
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24 W 45th St - LENDER OWNED - Retail Unit - Academy House
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