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212 E 52nd St

5,432 SF Retail Building New York, NY $7,000,000 ($1,289/SF) 4.5% Cap Rate

Investment Highlights

  • Commercial townhouse with ground floor retail restaurant.
  • All units are fully leased with an average remaining term of 8 years.
  • Ideally situated less than one mile from Grand Central Terminal.
  • 3% annual rent escalations on each unit.

Executive Summary

MOTIVATED SELLER! Rare Opportunity to Own Four Story Commercial Building in Midtown East, Potential Build-up Space. CAN BE FOR RESTAURANT, CATERING CENTER, OR ENTERTAINMENT CLUB USE. Stable Income. Great of All Type of Investors.

Property Facts

Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Building Class
Year Built
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Building Height
Building FAR
Land Acres
Investment
1031 Exchange
Retail
Storefront Retail/Residential
5,432 SF
Investment
1031 Exchange
Retail
Storefront Retail/Residential
5,432 SF
C
1900
Investment
1031 Exchange
Retail
Storefront Retail/Residential
5,432 SF
C
1900
$7,000,000
$1,289
4.50%
$315,000
4 Stories
2.49
0.05 AC
Building Class
Year Built
Price
Price Per SF
Cap Rate
Price
Price Per SF
Cap Rate
Year-1 NOI
Building Height
Building FAR
Land Acres
C
1900
$7,000,000
$1,289
4.50%
$7,000,000
$1,289
4.50%
$315,000
4 Stories
2.49
0.05 AC
Year-1 NOI
Building Height
Building FAR
Land Acres
$315,000
4 Stories
2.49
0.05 AC
Zoning
Opportunity Zone
R8B, Manhattan (K9)
No

Amenities

  • Bus Line
  • Metro/Subway
  • Property Manager on Site
  • Listing ID: 16051826
  • Date Created: 9/18/2018
  • Last Updated:

zoning

Zoning Code R8B, Manhattan (K9)

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

212 E 52nd Street offers access to the best that New York City has to offer. Conveniently located at the intersection of Third Ave, this commercial townhouse provides easy access to numerous hotels such as The Maxwell, Waldorf Astoria, Pod 51 and more. Additionally, iconic New York landmarks such as the United Nations Headquarters, Grand Central Terminal, Rockefeller Center, Radio City Music Hall and more are all within a mile. The property backs up onto Greenacre Park giving tenants a green oasis away from the hustle and traffic of New York City. MOTIVATED SELLER! Rare Opportunity to Own Four Story Commercial Building in Midtown East, Potential Build-up Space. CAN BE FOR RESTAURANT, CATERING CENTER, OR ENTERTAINMENT CLUB USE. Great of All Type of Investors.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Aki Sushi
  • -
  • -
  • -
  • -
  • Club Bonafide
  • -
  • 1,361 SF
  • -
  • -
  • Crystal
  • -
  • -
  • -
  • -
  • Miles' Cafe
  • -
  • 1,800 SF
  • -
  • Mar 2021
Tenant Industry SF Occupied Rent/SF Lease End
Aki Sushi - - - -
Club Bonafide - 1,361 SF - -
Crystal - - - -
Miles' Cafe - 1,800 SF - Mar 2021
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
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.
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.®

Nearby Major Retailers

Traffic

Collection Street Cross Street Traffic Volume 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
E 51 St 3 Ave, SE 9,341 2014 0.10 mi
E 51st St 3rd Ave, SE 8,757 2018 0.10 mi
E 51st St - 7,464 2017 0.10 mi
2nd Ave E 52nd St, SW 57,320 2018 0.10 mi
2 Ave E 52 St, SW 57,947 2014 0.10 mi

Transportation

Transit/Subway

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

Commuter Rail

Grand Central Terminal Commuter Rail (Hudson, Harlem, New Haven Lines)
Metro-North Commuter Railroad Company
14 min walk 0.7 mi
Long Island City Station Commuter Rail (Hempstead Branch)
Long Island Rail Road
8 min drive 2.7 mi

airplane iconAirport

La Guardia Airport
15 min drive 7.0 mi
Newark Liberty International Airport
32 min drive 16.7 mi
John F. Kennedy International Airport
26 min drive 16.9 mi

Financial Summary (Actual - 2017)

Annual Annual Per SF
Gross Rental Income $485,980 $89.47
Other Income $72,659 $13.38
Vacancy Loss - -
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

PROPERTY TAXES

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