28 E 72nd St
New York, NY 10021
Retail Property For Sale

The subject offering is a five-story townhouse located on 72nd Street between Madison and Park Avenues. This building consists of five residential units and two commercial units, all free market leases. The ground level is currently occupied by an art gallery. The lower level is leased to Ralph Lauren for additional storage space for their adjoining building. The building is zoned C5-1, and it is built 18 x 80. It is in tax class 2B. The building has received a C of O for retail for the entire building, allowing this location to become a showroom or flagship for a retailer. The property has fully approved plans that have also been fully approved by Landmarks. The building is located in the heart of the Madison Avenue Retail Corridor, close to numerous boutique shops, museums and galleries, diplomatic missions and some of Manhattan’s most luxurious townhomes make it a great investment opportunity. There is potential for additional units with available air rights. Also, condo or single family townhome conversion opportunities.