Overview
Midtown East Office Condos
Two adjacent office condos, Unit 1B and Unit 1A, are available for purchase as an investment or for owner occupancy. Located at 210 East 47th Street in New York City, in the heart of Midtown East, the property offers convenient access to Grand Central Terminal and the FDR Drive. The units, situated in a residential condominium building, total 3,400 square feet and feature low carrying charges. Unit 1A and Unit 1B can be easily combined. Unit 1B, totaling 1,700 square feet, is suitable for various office types and has a lobby entrance with 24/7 doorman service. Currently operating as a dermatology medical office, Unit 1B includes three exam rooms with sinks, a consultation room, a large nurses/secretary room with a sink, a gas outlet, a large waiting room with seating for eight, one full bath, and one half bath, along with central air conditioning covering 1,200 square feet. The lower level (520 square feet) features a shower bath, kitchenette, a new window, and a new air conditioner. Unit 1B is suitable for a telemedicine center, medical infusion center, physical/speech therapy, dental office, accounting, legal, or real estate offices. Sublets are permissible. Unit 1A has similar square footage with an unfinished lower level. The current tenant's lease expires on July 1, 2027, with an annual net income exceeding $115,000. Unit 1A has monthly common charges of $746.40 and annual real estate taxes of $4,347.79 ($362.32 per month). Unit 1B has monthly common charges of $857.92 and annual real estate taxes of $4972.13 ($414.34 per month).