147 48Th St, New York, NY 10017
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.
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Stalder Mediation Mediation Service
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Norman Foundation Inc Charitable Organization
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Spears Abacus Advisors LLC Financial Advisor
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Quartz Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.