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    OFF-MARKET
    Office Spaces

    147 48Th St, New York, NY 10017

    8,182 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Stalder Mediation Mediation Service
    • Norman Foundation Inc Charitable Organization
    • Spears Abacus Advisors LLC Financial Advisor
    • Quartz Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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