Multi-family

Presenting a unique owner-user opportunity, 235 E 58th Street offers a 3-story, 2-star retail storefront with residential potential, located in the heart of Midtown East. Priced at $4,990,000 ($1,279.49/SF), this property provides 3,900 square feet of space, ideal for a variety of uses, including retail operations or a live-work environment. With its strategic location, versatile layout, and potential for customization, this property is perfect for businesses or individuals looking to capitalize on Midtown East’s vibrant market.

Property Overview:

• Address: 235 E 58th Street, New York, NY 10022
• Sale Price: $4,990,000 ($1,279.49/SF)
• Sale Type: Owner User
• Property Type: 2-Star Retail Storefront (Retail/Residential)
• Location: Midtown East (CBD)
• Gross Leasable Area (GLA): 3,900 SF
• Stories: 3
• Typical Floor Size: 1,600 SF
• Class: C
• Ceiling Height: 11’
• Docks: None
• Construction: Masonry

Key Features:

• Prime Midtown East Location: Situated in the highly sought-after Midtown East area, this property benefits from strong foot traffic and proximity to key business and residential districts. The area is known for its high-end offices, cultural landmarks, luxury residences, and vibrant retail scene, making it an ideal location for businesses or a live-work space.
• Versatile Space for Retail/Residential Use: With 3,900 square feet of space spread over 3 stories, this property offers flexible use options. The ground floor features a spacious retail storefront, while the upper floors can be customized for residential or office use. The building’s 11-foot ceiling height on the main floor provides a bright and open environment for any retail or commercial business.
• Affordable Price for Midtown East: At $4,990,000, this property offers a unique opportunity to own real estate in one of New York’s most desirable locations at a relatively affordable price per square foot ($1,279.49/SF). This makes it an excellent value for both retail owners and investors looking for a prime location in the heart of Manhattan.
• Solid Building Structure: Built with masonry construction, this property features a solid, well-maintained structure, ensuring long-term durability. The Class C rating reflects the building’s status as a reliable asset with potential for further improvements or customization.
• No Loading Docks: While there are no dedicated loading docks, the building’s layout and central location make it suitable for retail operations that do not require extensive delivery space.

Conclusion:

235 E 58th Street offers an exceptional opportunity for owner-users seeking a versatile space in Midtown East. Whether you’re looking to establish a retail business with residential living space above or seeking a prime location for a mixed-use development, this property is a must-see. With 3 stories, 3,900 square feet of space, and a favorable price point, it’s a rare find in one of Manhattan’s most desirable neighborhoods. Don’t miss the chance to secure this unique property in the heart of New York City.