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Highlights

  • Commercial townhouse with ground floor retail space ideal for restaurant use
  • Ideally situated less than one mile from Grand Central Terminal

Investment Summary

MQ Realty has been retained as the exclusive broker to represent the sale of this 4 unit commercial townhouse in the heart of Midtown Manhattan. A unique opportunity for for User / Investor or 1031 Exchange. Great triple net lease opportunity. Ground floor retail is currently vacant and perfect for restaurant use. Contact Cesar Guevara 917-523-4681.

The Offering

  • Listing ID: 16051826
  • Date Created: 9/18/2018
  • Last Updated:

ABOUT 212 E 52nd St , New York, NY 10022

MQ Realty has been retained as the exclusive broker to represent the sale of this 4 unit commercial townhouse in the heart of Midtown Manhattan. A unique opportunity for for User / Investor or 1031 Exchange. Great triple net lease opportunity. Ground floor retail is currently vacant and perfect for restaurant use. Close to Grand Central Station. For More information Contact Cesar Guevara 917-523-4681, cguevara@mqrealty.com.

Links

Financial Summary (Actual - 2017)

Annual Annual Per SF
Gross Rental Income $485,980 89.47
Other Income $72,659 13.38
Vacancy Loss $0 0.00
Effective Gross Income $558,639 102.84
Taxes $153,114 28.19
Operating Expenses $20,964 3.86
Total Expenses $174,078 32.05
Net Operating Income $384,561 70.80

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
186,469
1,356,890
3,085,000
2010 Population
148,750
1,224,799
2,752,529
2024 Population
194,614
1,390,351
3,170,399
Employees
815,715
1,756,242
2,584,646
Total Businesses
46,889
126,723
189,606
Average Household Income
$155,426
$130,151
$111,569
Median Household Income
$121,814
$95,850
$77,638
Total Consumer Spending
$3.4B
$19.1B
$34.5B
Median Age
40.2
38.3
36.5
Households
111,543
694,869
1,356,972
Percent College Degree or Above
40%
34%
27%
Average Housing Unit Value
$887,792
$855,467
$764,917

Major Tenant Information

Tenant SF Occupied Lease End Date
Aki Sushi -
Miles' Cafe 1,800 March 2021
Club Bonafide 1,361
Crystal -
Aki Sushi -

Amenities

  • Bus Line
  • Property Manager on Site
  • Metro/Subway

Traffic

Collection Street Cross Street Traffic Vol Year Distance
3rd Ave E 52nd St, SW 55,130 2018 0.05 mi
3 Ave E 52 St, SW 53,476 2014 0.05 mi
E 52nd St 3rd Ave, SE 9,340 2018 0.08 mi
E 52nd St 6,895 2017 0.08 mi
E 52 St 3 Ave, SE 8,932 2014 0.08 mi

Transit/Subway

Drive Walk Distance
51 Street Transit Stop
New York MTA Subway
4
6
2 min 4 min 0.2 mi
Lexington Avenue-53 Street Transit Stop
New York MTA Subway
E
M
3 min 4 min 0.2 mi
5 Avenue-53 Street Transit Stop
New York MTA Subway
E
M
3 min 10 min 0.5 mi
59 Street
New York MTA Subway
4
5
6
3 min 10 min 0.5 mi
Lexington Avenue-59 Street Transit Stop
New York MTA Subway
N
R
Q
3 min 10 min 0.5 mi

Commuter Rail

Drive Walk Distance
Grand Central Terminal Commuter Rail (Hudson, Harlem, New Haven Lines)
3 min 14 min 0.7 mi
Long Island City Station Commuter Rail (Hempstead Branch)
8 min 2.7 mi

Airport

Drive Distance
La Guardia Airport
15 min 7.0 mi
Newark Liberty International Airport
32 min 16.7 mi
John F. Kennedy International Airport
26 min 16.9 mi
Walk Score ®
100
Walker's Paradise
Transit Score ®
100
Rider's Paradise
Bike Score ®
77
Very Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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