17 E 47th St
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17 E 47th St
19,666 SF Specialty Building Offered at $9,950,000 in New York, NY 10017
Executive Summary
JLL has been retained on an exclusive basis to arrange the sale of 17 East 47th Street, a vacant, 8-story commercial property in Midtown. Located between Fifth & Madison Avenues, the property is surrounded by Rockefeller Center, Grand Central Station, Bryant Park, the Midtown Office Core and luxury retailers along Fifth & Madison Avenues.
The building will be delivered vacant and is a perfect opportunity for user groups, value-add investors and commercial developers alike. With ~19,666 rentable square feet, in one of Manhattan’s most desirable office locations, 17 East 47th Street could serve as the ideal home to non-profit and cultural institutions. The proximity to the United Nations and original building facade makes this an especially attractive option for consulates, missions and embassies.
The generous zoning (FAR of 15.0) and excess air rights (~20,485) also presents a significant boutique office redevelopment opportunity. In total, there are over 38,000 buildable square feet available to any institution or investor looking to plant their flag in the heart of Midtown Manhattan.
The building will be delivered vacant and is a perfect opportunity for user groups, value-add investors and commercial developers alike. With ~19,666 rentable square feet, in one of Manhattan’s most desirable office locations, 17 East 47th Street could serve as the ideal home to non-profit and cultural institutions. The proximity to the United Nations and original building facade makes this an especially attractive option for consulates, missions and embassies.
The generous zoning (FAR of 15.0) and excess air rights (~20,485) also presents a significant boutique office redevelopment opportunity. In total, there are over 38,000 buildable square feet available to any institution or investor looking to plant their flag in the heart of Midtown Manhattan.
Property Facts
| Price | $9,950,000 | Building Class | C |
| Price Per SF | $506 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 19,666 SF |
| Sale Conditions | High Vacancy Property | No. Stories | 8 |
| Property Type | Specialty | Year Built | 1932 |
| Property Subtype | Public Library |
| Price | $9,950,000 |
| Price Per SF | $506 |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| Property Type | Specialty |
| Property Subtype | Public Library |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 19,666 SF |
| No. Stories | 8 |
| Year Built | 1932 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 1283-0013 | Improvements Assessment | $1,786,680 |
| Land Assessment | $981,000 | Total Assessment | $2,767,680 |
PROPERTY TAXES
Parcel Number
1283-0013
Land Assessment
$981,000
Improvements Assessment
$1,786,680
Total Assessment
$2,767,680
zoning
| Zoning Code | C5-3 (Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region) |
| C5-3 (Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region) |
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17 E 47th St
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