Property details

Midtown New York Mixed Use Building For Sale, Northeast Region

Property Description

Midtown New York Mixed Use Building For Sale

Recently drastically reduced from $34 million to $20 million.

Seller is Motivated!

Beautiful mixed-use gem.

Newly constructed.

All steel and concrete building designed by a renowned architect.

Completed in 2009 with it's floor to ceiling glass and limestone.

Rare opportunity.

Very impressive property!

Located within Manhattan's most cosmopolitan and affluent corridor.

Seven stories.

Mint-condition.

Trophy property.

Turnkey for either all residential or mixed commercial/residential use.

With numerous bedrooms, full baths, chef's kitchens, a dedicated floor for children and their nanny, as well as separate living quarters for guests, large terraces and grand entertaining spaces, it is truly a work of art.

In addition, the unique versatility of the building's design allows it to seamlessly convert into three totally private spacious homes in order to accommodate a three-generational family.

The massive sound insulated windows, along with soaring ceilings, skylights, balconies and terraces create a vast, quiet, natural-light-filled oasis, containing every luxury and modern convenience.

Annual Taxes $162,000.

Building can be delivered vacant by August 2017.






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Highlights

Status:
Available
Price:
$20,000,000
PSF:
$2,000
Cap Rate:
4.00%
Annual Rent:
$800,000
 

Property Information

Building Size:
10,000 sq.ft.
Property Type:
Apartments
Industry Type:
Retail
Units/Spaces:
7
Year Built:
2009
Land Area:
3,000.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

Interest rate:
0.0%
Amortized over:
0 years
Annual Cash Flow:
$800,000
Cash on Cash Return:
4.00%

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.