Home > Listing Detail - xxx-xxx East 53rd Street
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two Mixed-Use Investment Property for Sale
xxx -xxx East 53rd Street consists of two 27’2” wide, adjacentmixed-use buildings located on the north side of East 53rdStreet,. Each property consists of three retail units (all have annual 5% rent increases and have posted large sec. deposits), while xxx East 53rd Street has eighteen residential units (1 RC) and xxx East 53rd Street has seventeen units (2 RC and 1 RS). Based on existing residential rents there is approximately 13% upside, while the commercial rents are roughly market. It should be noted thatthe boiler is shared by the neighboring buildings through aneasement, and there exists an agreement whereby 50% of thefuel bill is covered by the neighbors. The property is withinsteps of the number 6 train at the 51st Street Station.Given the location of the property and the close proximity totransportation, the midtown office market, and the restaurantsand bars of Second Avenue, this centrally located property isideal for an investor looking for in-place income situated in a
prime Midtown Manhattan neighborhood.
East_53rd_Street_NY_city.pdf
xxx-xxx East 53rd Street
New York, NY 10022
Map and Directions
Status: Available
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$13,450,000 Neg
Commercial
25176 SqFt
5440
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for inaccuracies. United Victors Realty Services independent property finder
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