New York City Commercial Building!

Here is an investment opportunity that doesn't come across too often. This is a 6 story office building with a restaurant. The property sits just steps from NYC's world-renown jewelry and theater districts, Times Square, Rockefeller Center, and Radio City Hall. The well-established restaurant the property that occupies the first and second floors including the basement is 3,500sqft with 5 years remaining on the lease. There are two vacant floors which could be used by the new owners. The building could be converted into a boutique hotel. It even boasts a brand new 15 person elevator. Other conversion suggestions include a medical center or an apartment complex with a few affordable housing units. Let's talk about it.

Investment Details:

- 6 Story Building  

- Location:  New York  (near Times Square)

- Asking Price:  $11.23M + Buyer's Fees

- Steps from Times Square, Rockefeller Center, Radio City Hall, theater & jewelry districts 

- Has a   3,500 SQF established restaurant with a 5-year lease remaining occupying the 1st, 2nd & basement floors

- Floors 3- 6   are 1,400 SQF each

- Top 2 floors are vacant which could be used for the new owners

- Projecting rental to be a modest   $47.50 per SQF   (which is below area rents

-  New 15 person elevator installed   in 2019 costing over $200K

- Building  could be converted into a mini-hotel, multi-family, medical center, etc    

Financing is available. Designers and contractors on-call. POF/NCND/LOI required for full-financials. 

P. 347-450-2718

E. khalidrbey@gmail.com 

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