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244 E 53rd St 6,358 SF 100% Leased Retail Building New York, NY 10022 $7,495,000 ($1,178.83/SF)
INVESTMENT HIGHLIGHTS
- Restaurant on Ground Floor and Second Floor - Both with 4AM Liquor License
- Balcony Space and Rooftop Access to all Tenants
- Luxury, Free-Market Rental Apartments Upstairs
EXECUTIVE SUMMARY
Cushman and Wakefield has been exclusively retained to offer a very rare and unique opportunity to acquire the 100% fee simple interest in 244 East 53rd Street (“The Property”) in Midtown East, Manhattan. The Property underwent a complete renovation in 2019 and an additional story was added, creating a state-of-the-art mixeduse
asset. The basement, first floor, and 2nd floor are built as restaurant space and the upper two floors plus mezzanine are luxury rental apartments. The property is 6,358 square feet above grade and 8,209 square feet including the basement.
asset. The basement, first floor, and 2nd floor are built as restaurant space and the upper two floors plus mezzanine are luxury rental apartments. The property is 6,358 square feet above grade and 8,209 square feet including the basement.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,358 SF
Building Class
C
Year Built
1900
Price
$7,495,000
Price Per SF
$1,178.83
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
3.65
Lot Size
0.04 AC
Zoning
R8B - R8B Zoning allows for a Floor Area Ratio of 4.0.
Frontage
AMENITIES
- 24 Hour Access
- Mezzanine
- Restaurant
- Signage
- Skylights
- Roof Terrace
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1326-0030 | Improvements Assessment | $1,185,660 |
| Land Assessment | $341,100 | Total Assessment | $1,526,760 |
PROPERTY TAXES
Parcel Number
1326-0030
Land Assessment
$341,100
Improvements Assessment
$1,185,660
Total Assessment
$1,526,760
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244 E 53rd St
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