The Lulla Team has been retained on an exclusive basis for the sale of a retail-condominium located
at 5 East 44th Street. This is an incredible investment opportunity to own an approximately 2836 sq.
ft. ( 1876 on the first floor and 960 in fully usable basement) retail-condominium with 14' of frontage on a main commercial corridor with tremendous foot
traffic near Grand Central.
The subject property is currently occupied by a medical practice but will be delivered vacant and is
prime for an owner-user to occupy the space or makes a unique investment. The location is between
Madison and Fifth Avenue - neighboring tenants include Brooks Brothers, The Cornell Club of New
York, Allen Edmonds and Coach. This property represents a great opportunity for future ownership to
realize a high yield in an area where retail rents have been steadily on the rise, expected cap rate is
6-7%. It is one block from One Vanderbilt, which will be the city's tallest office tower building with
over $1.6 million square feet.
This unit is located at Number 5, a condo in Midtown. Built in 2007, this modern high rise property has 24 units.
Map of 5 E 44 St, IST, New York...
|3||min||5th Ave - Bryant Pk||7 7 Express|
|3||min||Grand Central - 42nd St||S|
|6||min||Grand Central - 42nd St||4 5 6|
|Maintenance / Common Charges||0|
|Total Monthly Payment|
|Suggested Minimum Income|
We suggest earning at least in order to comfortably afford this home, based on % of your gross income spent on housing.
* Calculations are based on the national average interest rate for home mortgages. All number are directional only and are not guaranteed.
|10/21/2016||Listed by Vik Lulla at Compass|