Retail

Introducing 248 E 52nd Street, New York, NY 10022—an excellent investment or owner-user opportunity in Midtown Manhattan’s highly sought-after Central Business District (CBD). This 3-Star retail property offers 3,000 sq. ft. of prime space, ideal for businesses looking to establish a presence in one of New York City’s most high-traffic commercial neighborhoods.

Property Overview:

• Address: 248 E 52nd Street, New York, NY 10022
• For Sale Price: $4,100,000 ($1,366.67/SF)
• Cap Rate: 5.85%
• Sale Type: Investment or Owner User
• Property Type: 3-Star Retail
• Location: Central Business District (CBD)
• Gross Leasable Area (GLA): 3,000 sq. ft.
• Stories: 2
• Typical Floor: 1,500 sq. ft.
• Class: C

Key Features:

• Prime Midtown Location: Situated in the heart of the Central Business District, this property enjoys the benefits of being in one of Manhattan’s most desirable commercial areas. The location offers excellent visibility and accessibility, attracting a diverse range of potential tenants, clients, or customers. It is well-connected by public transportation and is within close proximity to many office buildings, luxury hotels, and high-end restaurants.
• Flexible Space for Retail or Office Use: With 3,000 sq. ft. of space spread across two stories, this property offers adaptable layouts, with each typical floor measuring 1,500 sq. ft. The flexible design can accommodate various retail or office businesses, providing ample room for customer engagement and business operations.
• Investment or Owner-User Opportunity: With a cap rate of 5.85%, this property presents strong potential for income generation, making it an ideal investment. Alternatively, as an owner-user, it offers the opportunity to establish your business in a prime location while benefiting from long-term property value appreciation.
• Class C Building with High Visibility: While classified as a Class C building, this property’s location in the CBD, coupled with its ample space and street-level visibility, makes it an attractive option for retailers or office tenants. Its positioning ensures high foot traffic and the potential for strong exposure in a bustling commercial district.

Conclusion:

248 E 52nd Street represents a unique opportunity for both investors and owner-users seeking a retail space in one of New York City’s most coveted areas. The property’s central location, flexible space, and solid cap rate make it an attractive choice for those looking to capitalize on Midtown Manhattan’s commercial growth. Whether you are looking for a profitable investment or a prime location for your business, this property offers the potential for strong returns and long-term value. Don’t miss out on securing this exceptional space in the heart of the city!