NYC OFFICE SPACE FOR LEASE, MANHATTAN RETAIL SPACE RENT, SALE, NY, NEW YORK CITY COMMERCIAL RE

West 17th Street, NY NY Between Avenue of the Americas and Seventh Avenue [Contact for more information]
Description: Mixed-Use Investment Building, Live Plus Income Building
A 6 story, 20` wide, 5 unit (restaurant, 3 commercial floors and a residential duplex), walk-up mixed-use building, located in the Chelsea Neighborhood. Erected in 2000, the subject property is located on the north side of West 17th Street between Avenue of the America`s and Seventh Avenue, and contains a total above grade square footage of approximately 9,320. The building consists of a turn-key restaurant on the ground floor and basement with a lease until 11/14 and its current rent is $174,000 per annum, loft-type commercial floor-through units on the 2nd, 3rd and 4th floors, and a residential duplex with a 20` deck off the 5th floor rear and access to a wooden rooftop area. The 3rd floor commercial tenant has a lease until 12/07 and its current rent is $60,000 per annum. The building is zoned C6-2A which is an R8A equivalent with an FAR of 6.02, allowing approximately 1,757` square feet of available air rights. All units have great light and 10` ceilings, with the exception of the 2nd floor which has 12` ceilings. Actual/Projected Revenue: $438,400 (Appx.), Projected Expenses: $73,091 (Appx.) and Projected Net Operating Income: $365,309 (Appx.). Given that 4 floors can be delivered vacant the building poses an excellent opportunity for a user/converter. Asking Price: $7,500,000

East 19th Street, NY,NY,Broadway [Contact for more information]
Description:
Commercial Building
A 25` wide, 6 story plus basement, 6 unit, approximately 11,500 square foot commercial building with an elevator. The building has a newly renovated lobby with a fully automated elevator servicing all 6 floors and the basement. There are hardwood floors and new new double-pane windows throught the premise. Erected around 1915 and recently renovated with a residential sixth floor penthouse currently being added and would need to be completed. The building consists of a vacant night club on the ground floor and basement, four loft-type commercial floors with one being delivered vacant, and the sixth floor currently under construction into a residential penthouse. All prepurchased construction supplies will be itemized and are included in the sale of the property. The subject property is located on the north side of East 19th Street between Fifth Avenue and Broadway. The building is zoned M1-5 with an FAR of 5.0 allowing a total buildable square footage of approximately 11,500; all air rights have been used. All units have great light and 12` ceilings, with the exception of the ground floor floor which has 13` ceilings. Actual/Projected Revenue: $570,503 (Appx.), Projected Expenses: $114,448 (Appx.) and Projected Net Operating Income: $456,055 (Appx.). Given that the 4th and 6th floors along with the prime retail space will be delivered vacant the building poses an excellent opportunity for a user or investor. Asking Price: $7,200,000

East 24th Street, NY, NY, Third Avenue [Contact for more information]
Description: Commercial Building
A 5 story elevatored commercial loft building, located east of Madison Square Park, and north of Gramercy Park. The building is located on the north side of East 24th Street between Second and Third Avenues, and contains a total above grade square footage of approximately 17,475`. The building currently has 2 retail stores on the ground floor. Floors two through five are being used commercially with one unit per floor. The building is zoned R8B with an FAR of 4.0 and is currently overbuilt meaning there are no available air rights. All floors, including the basement which is useable, have 11` ceilings and a freight elevator opening to the sidewalk. Actual/Projected Revenue: $550,507 (Appx.). Projected Expenses: $160,003 (Appx.). Projected Net Operating Income: $390,504 (Appx.). Given that 5 floor can be delivered vacant the building poses an excellent opportunity for a user/investor. Asking Price: $6,200,000

East 45th Street, New York, NY, Second Avenues [Contact for more information]
Description: Mixed-Use User Building
A 20` wide, four-story, approximately 8,040 SF walk-up commercial building. The first two floors of the building were previously a restaurant and many of the fixtures remain. The top two floors were most recently used as office space with windows on three sides. The building is as-of-right for commercial and/or residential use. The building will be delivered vacant at the time of sale, and will include approximately 12,000 SF of air rights. Asking Price: $5,000,000

West 56th Street, New York, NY, Between Fifth and Sixth Avenues [Contact for more information]
Description: Mixed-Use User Building, Live Plus Income Building
A 25` wide, seven-story, approximately 13,725 square feet mixed-use building that was once home to the Ambasciata D`Abruzzo Ristorante. The building features eight large, recently renovated one-bedroom units that are individually metered for heat and electric. Of these eight apartments, one (the penthouse) is currently vacant, two are month to month tenants, four have lease expirations of June 1, 2005 and one is set to expire on July 1, 2005. All of these units are free market.The gross projected annual income is $578,400 with a projected NOI of $406,155. Asking Price: $7,500,000

Lexington Avenue, New York, NY, Commercial Building [Contact for more information]
Description: A 39.58` wide, 5 story, approximately 12,274 sq. ft. commercial building with a manual elevator. Built in 1910, the building is located on the east side of Lexington Avenue between East 25th and East 26th Streets. The property is currently occupied by a medical supply company and used for retail sales, storage and distribution. The layout consists of the ground floor and basement used primarily for the retail sales and mail order distribution with an extension in the rear of the site having a lower and upper mezzanine area. The 2nd, 3rd, and 4th floors are built 39` x 60` having an open layout used primarily as storage space. The 5th floor which is set back 20` feet from the street is 39` x 40` and consists of a large open area. All floors are serviced by the manual elevator, have 12` ceilings (basement is 10`) and will be delivered vacant. This site is zoned C6-2A/R8A equivalent which has an FAR of 6.02 for commercial or residential. There are currently approximately 9,197 SF of available air rights. Since the property will be delivered vacant, it poses an excellent opportunity for a single user or for a developer as a commercial or residential project.
Asking Price: $6,900,000

East 40s NY, NY Development-Conversion Site [Contact for more information]
Description: East 40s NY, NY Development/Conversion
The subject development site is a 50` x 100` lot consisting of a vacant 5-story commercial building and its available air rights yielding a total buildable footage of approximately 50,000 square feet based on an FAR of 10.0 as derived from the site`s C6-4 zoning designation. The zoning also qualifies for a potential 20% bonus in inclusionary air rights for the creation of low income housing, bringing the FAR up to 12.0. See zoning computation below. Asking Price: $19,000,000

West 50s between Fifth and Sixth Ave Apartment Building [Contact for more information]
Description: A pre-war, elevatored apartment building conveniently located between Fifth and Sixth Avenue and have a total of 125 feet of frontage. Of the 64 apartments in the property, 44 are already free market, 17 are rent stabilized, and 3 are rent controlled. Several of the units have been recently renovated and plans are in place to combine the lobbies and add additional retail space. An entirely new elevator system has been installed within the last year and 95% of the windows have been replaced. There are presently four retail tenants in the property including two restaurants. Located right off Fifth Avenue, and only a short walk to Central Park, it would make a tremendous Midtown condominium in an attractive ``walk-to-work`` neighborhood. Asking Price:$58,000,000

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W 26th Street, New York, NY [Contact for more information]
Description: Sale Price: $39,000,000
Building Type: Class C Office, RBA: 90,010 SF, Typ Floor Size: 13,344 SF Stories: 6, Sale Type: Investment OR Owner/UserWest Chelsea Special District three doors down from the High Line, is approximately 90,010 rentable square feet on 6 floors not including a fully built-out roof deck. With an impressive 150+ feet of frontage on 26th Street, the 1st floor has 13,344 square feet of usable space. Starting on the 2nd floor and continuing through the 6th floor, there are rear setbacks
which result in up to 14,327 square feet of rentable space per floor. The ground floor has been lowered and the middle of the 2nd floor has been removed creating a sunken 1st floor with soaring 30+ foot ceilings. Between the ground floor and the 2nd floor there is a 6,519 rentable square foot mezzanine that has access from and a commanding view of the lower level. This configuration could be ideal for a new main entrance to a commercial space or a grand hotel.

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Brooklyn, NY Downtown multi-family Building for sale [Contact for more information]
Description: Sale Price: $5,800,000 Building Size: 14,100 SF, Cap Rate: 8.00%
Building Type: Apartment Units Year Built: 2009, 14,100 square foot newly constructed elevator building consisting of 18 residential apartments. Six stories include a penthouse floor with private terraces and a basement with fitness room, laundry, and an indoor garage with 11 parking spaces. Common courtyard at the back. Property is located on Avenue, two blocks to the “J”, “M”, and “Z” subway stop and six to the “L”. Completion scheduled for the fall of 2009. Will be delivered as a finished condominium building,
rental, or student housing facility (with a comprehensive business plan in place).

Brooklyn, NY Investment Property, Brighton Beach Area [Contact for more information]
Description: Cap Rate: 9.76% , Zoning: C8-2, 52,000 SF, 2-story, elevatored commercial building on the busy block create non-stop pedestrian and automobile traffic. The property generates nearly $1,100,000 in gross income and with a net income of $874,000 the offering price represents a 9.77% capitalization rate. A savvy investor may see added value in approximately 20,000 SF of air rights the C8-2 zoning allows.
Asking price: $8,950,000

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