41 E 41St St New York, NY 10017

This exceptional mixed-use property at 41 East 41st Street, nestled between Madison and Park Avenues in Manhattan's Murray Hill neighborhood (zip code 10017), presents a compelling investment prospect. The asking price is $3,000,000, with a current cap rate of 1%. The building encompasses 10,795 square feet and boasts a current occupancy rate of 1%. A significant advantage lies in the inclusion of 10,795 square feet of transferable development rights (TDRs), situated within the expansive East Midtown Zoning District. This district covers 78 blocks, extending from East 39th to East 57th Streets between Third and Madison Avenues, offering substantial potential for future development. The property's zoning is classified as East Midtown. Note that a separate 5,000 square foot free-market mixed-use building on a distinct tax lot is also available for acquisition. This presents a unique opportunity for investors and developers seeking to capitalize on the prime location and significant development potential within this vibrant Manhattan neighborhood. The property's address is 41 E 41st St, New York, NY.