W 54th St New York NY USA New York, NY 10019
Elevated building with apartments, retail space, and redevelopment potential.
Type:Mixed Use
Property size:
15,000 SF- Added:
- Aug 9, 2024
- Days on Market:
- 620
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for W 54th St New York NY USA
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing agent Simon Lou License #NY10311206078
Listing office Simon Lou / Hotel Real Estate Group
Listing date Aug 9, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Simon Lou / Hotel Real Estate Group
Overview
Renovated Mixed-Use Building For Sale
This newly renovated elevated building features a mix of residential and commercial spaces. The property includes six studio apartments and one retail store. The building benefits from new electrical and plumbing systems. Additionally, the property has 7400 square feet of air rights available for redevelopment. The annual income from the apartments is $324,000, calculated from a monthly rent of $4500 per unit. The annual income from the restaurant retail space is $300,000, based on a monthly rent of $25,000. The total rental income is $500,000, with a net income of $300,000. The property size is 15000 square feet.
Location Intelligence
Current Use by Public Records
Storefront properties
Map
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9853
- Latitude
- 40.7652
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Elevated building with apartments, retail space, and redevelopment potential.
Where is this mixed-use property located?
The property is located at W 54th St New York NY USA New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: High annual net income of $300,000; Total annual rental income of $500,000; Includes a store with substantial annual income ($300,000)
