Property profile

147 48Th St New York, NY 10017

OFF-MARKET
Office Spaces
8,182 SF
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Property summary

AI-generated overview

This exceptional Midtown East office building at 147 East 48th Street, New York, NY 10017 presents a unique investment opportunity. Spanning 8,182 square feet, the property features two distinct units, each offering a private entrance, lobby, and elevator access. The asking price is $5,150,000, translating to a price per square foot of $629.43. The building is ideally situated in a highly desirable location, offering immediate possession. The current owners are motivated sellers, making this an attractive proposition for discerning buyers. The property's convenient location places it within easy walking distance of various amenities and transportation options. The building's layout allows for the sale of both floors as a single unit or individually, providing flexibility to suit diverse investment strategies. This presents a rare chance to acquire a well-maintained, traditionally styled office building in a prime Manhattan location. The building's features, combined with its prime location and motivated sellers, make this an exceptional opportunity for investors seeking a strong return. Serious inquiries are encouraged to explore this compelling investment opportunity further.

Property profile

Verified
Property type Office Spaces
Total area 8,182 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
  • Mediation Service
  • Charitable Organization
  • Financial Advisor
  • Financial Advisor

Location

147 48Th St New York, NY 10017
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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