Property profile

220 54Th St New York, NY 10022

OFF-MARKET
Office Spaces
115,020 SF Built 1962
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Property summary

AI-generated overview

The Leslie House, located at 220 E 54th St (cross streets E 54th and 3rd), New York, NY 10022, presents a unique opportunity to acquire a substantial office building in a highly desirable Midtown East location. This single-tenant property boasts a total of 115,020 square feet, offering ample space for a variety of uses. Originally constructed in 1962 and extensively renovated in 1986, the building is well-maintained and features modern amenities. The space is ideal for traditional office or medical office use, offering a blend of private and open areas. The interior layout includes four private offices, two bathrooms, a fully equipped kitchen, and significant storage space. A key feature is the inclusion of a large outdoor area, providing a rare amenity in a Midtown East setting. Convenience is further enhanced by the presence of a 24-hour doorman and ground-level access. The building is equipped with elevators for easy access to all floors. This property represents a compelling investment opportunity in a prime New York City location. Its size, amenities, and location make it an attractive option for businesses seeking a prestigious and functional workspace.

Property profile

Verified
Property type Office Spaces
Year built 1962
Total area 115,020 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Dental Office
  • Physician
  • (Bike/Boat/Book/etc) Store
  • Physician

Location

220 54Th St New York, NY 10022
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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