204-206 E 58th St
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204-206 E 58th St
4 Unit Apartment Building $5,450,000 ($1,362,500/Unit) New York, NY 10022
Investment Highlights
- . The property presents the opportunity for a new owner to renovate and re-tenant the vacant commercial space or for a user to occupy same.
- he building has been well-maintained throughout its long-term ownership over the course of 40 years.
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale the mixed-use asset located at 204-206 East 58th Street, New York, NY 10022 (the “Property”). Located in the Decoration & Design section of Midtown East, the Property features 40 feet of frontage on 58th Street between Second and Third Avenue. The current configuration of the building includes commercial units across floors 1 and 2, one of which is a commercial duplex with an internal staircase that occupies the entire second floor and will be delivered vacant. Floors 3 and 4 contain two residential duplexes that are 5-bedroom, 3-bathroom duplexes with internal staircases and private rear terraces that are master leased to an operating company. The property presents the opportunity for a new owner to renovate and re-tenant the vacant commercial space or for a user to occupy same. The building has been well-maintained throughout its long-term ownership over the course of 40 years and presents further upside with approximately 6,225 square feet of available air rights.
Long-Term Ownership
Assumable Financing at 3.2% Until 3/1/2030
Shorter Remaining Lease Terms
Redevelopment Potential
Decoration and Design District
Long-Term Ownership
Assumable Financing at 3.2% Until 3/1/2030
Shorter Remaining Lease Terms
Redevelopment Potential
Decoration and Design District
Property Facts
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Detector
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 1331-0044 | Improvements Assessment | $596,700 |
| Land Assessment | $1,264,500 | Total Assessment | $1,861,200 |
PROPERTY TAXES
Parcel Number
1331-0044
Land Assessment
$1,264,500
Improvements Assessment
$596,700
Total Assessment
$1,861,200
zoning
| Zoning Code | R8B, C5-2 (High Density Residential District.) |
| R8B, C5-2 (High Density Residential District.) |
Contacts
-
Thomas Gammino -
Patrick Donahue -
George Steffani -
Annie Squier -
Lee & Associates
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204-206 E 58th St
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