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New York City buildings for sale


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last updated 01/09/12

Description Location Max Size Asking Price
INCREDIBLE DEVELOPMENT DEAL! Must act now!
Development site at one of the most desirable and visible locations in the city at unbelievable price!
Must be a cash deal. Must act before Jan 27.
Lot Dimensions: 125' X 100'
Currently built as a two story 25,000 SF building with incredible signage on it's rooftop visible to tens of thousands of people every day.
FAR: 5
Zoning: M2-4
Great for a club, gallery, museum, office, retail, most commercial mix uses. No residential or hotel.
Buildable: 62,500 SF
Unique opportunity.
Price: $10.9 mil ($174 per buildable SF)
Midtown West    62500  $174 per SF
W 38 St
5 Story building for sale.
NNN Lease Price: $48k/Month
Size: 15,000
Lot Size: 37.5x100
Zoning: M1-6 (Hotel/Commercial/Manufacturing)
Stories: 5 Floors (above ground)
Layout: Two stories per floor with the stairs & elevator in the center.
Elevator: Opens on both sides into the lofts

Taxes: $60k
Expenses: $20k
Current Income: $300k
Potential Income from Empty Units: $180k
Total Potential Income: $480k

Price: $12 mil
Midtown West    36600  $327 per SF
E 39 St
A 25 wide, 6 story, approx. 14,700 sq. ft. elevatored office building for sale that can be delivered vacant.
Completely renovated 7 years ago. The building has a roof deck, ample storage space, back-up energy, basement storage, executive office floors, 500 sf rear terrace, all new mechanicals in the sub-basement, and additional air rights. Each floor has its own kitchen. Zoning C5-3
The property has one triple net lease tenant.
NOI: $600,000
With a F.A.R. of 15 the property has an additional 22,300 Sq Ft of buildable space. Total buildable: 37,000 s/f.
Zoning: C5-3/MID
The building has modern electrical, telecommunications, alarm systems, roof decks, and storage rooms on roof as well.
Ideal location for a consulate, prestigious corporate identity location or an international business, which requires a New York presence with residential living capability. Steps to Grand Central and all major transportation.
Price: $12,000,000
Midtown East    37000  $364 per SF
 
Hotel development site. Close to UN
Price $72 mil
Owners may do JV
Midtown East    141000  $496 per SF
 
Apartment Building portfolio for sale. 84 units in total

23-UNIT APARTMENT BUILDING IN BEST INWOOD LOCATION. 100% rent stabilized tenants. Average rent significantly under market.
Unit Mix: 14 3 bedrooms apartments, 7 2 bedroom apartments, 1 1 bedroom apartment, 1 studio.

Two five-story walk-up buildings in prime Inwood location with a total of 62 apartments and two supers’ apartments. New pointing on both buildings, new sidewalks. Many apartments are renovated. Very clean buildings. Very low vacancy rate. 100% rest stabilized tenants. Average rent per apartment is $994/mo. - dramatically under market.
Unit Mix: 40 2 bedroom apartments, 20 1 bedroom apartments, 5 1 bedroom apartments, 1 studio

For entire portfolio Estimated Annual Gross Rent-Roll (going-in): $1,100,000
Total Estimated Expenses: $398,000
Estimated NOI: $702,000
Cap rate: 7.3%
Price: $9.6 mil
Inwood    0  $9400000
Bleecker St
Great newly renovated building for sale in the heart of Greenwich Village. One of the best spots on Bleecker St.
With full basement.
4 story, with great retail that can be delivered vacant, and 4 rented free market large luxury apartments upstairs.
Sale price is below market.
Projected cap rate: 7.9%
Please call for more info and tour of the property.
West Village    5000  $  per SF
E 50 St
Hotel / condo site for sale
Buildable: 44,300 SF
Lot: 5,500 SF
Lot dimentions: 55' X 100'
Neighborhood: United Nations district – Property is
less than ˝ mile from UN Plaza
The Properties are delivered fully vacant and with preliminary plans to build:
™ Residential tower with 34 units; or Boutique Hotel tower with 120 keys (105 standard rooms, 14 suites and 1 Presidential extended stay suite (Penthouse))
The zoning line between C1- 6 (R10) and R8- B (which is west of the line) sits between 249 and 251.
The overall number of hotel rooms and the usage of air rights are maximized by
using a 6.02 max FAR west of the zoning line and allocating whatever can't be built on that side to the portion of the building in the R10 district.
Price: 13,400,000
Midtown East    44300  $302 per SF
2 Ave
Five Story Prime Corner Property on Second Avenue in Kips Bay-Murray Hill, an area with major rejuvenation.
Eight Apartments - two on each floor - studio, one and two bedroom units. Building can be delivered with 6 apartments and retail ground floor vacant.
Building Size: 8,588 SF
Residential: 6,788
Retail: 1,800 plus full basement
Average Apartment Size: 628 SF
Great opportunity for investor and or Developer.
Allowable FAR: 7.52
Zoning: C1-8A
Can add 5,479 SF to support 14,067 SF.
Cap Rate: 5.00%
Price: $4,449,000
Murray Hill    14067  $  per SF
1 Ave
Prime retail condo for sale.
In front of United Nations.
Total expenses: $22,800
Gross Income: $57,000
Net income: 35,000
Long term lease, strong tenant.
Price: $550,000
Cap rate: 6.36
Great deal. Must act now.
UN Plaza    650  $846 per SF
Canal St
Office building for sale.
Can be delivered vacant.
Lot Size: 65' x 73'
The property has 12' ceilings on floors 2-12 and 15' ceilings on the ground floor. The structure of the building is fireproof, and is sprinklered throughout.
The property has a beautiful fasade with nice architectural details.
This building is a great conversion opportunity because of the size of the floors and the corner exposure.
The property can also be great for a hotel user. All the architectural plans are in place for a hotel.
Zoning: C6-2G (6.0) R8A Equivalent (6.02)
Asking: $37 mil
Lower East Side    60000  $617 per SF
W 29 St
Office building for sale or lease.
The building will be delivered vacant so the Property can be completely redeveloped and leased at market rents.
Full floor or multi tenant new building installations can be created. The offering presents the opportunity to create new
office and retail space in a prewar building with windows on three sides and 11' ceilings in a vibrant Chelsea neighborhood.
The Property is suitable for a user or for resale as commercial condominiums.
The area is thriving with new residential development.
The Penn Plaza District is one of the hottest in Manhattan, with major redevelopments planned for Madison Square Garden, Moynihan Station, the Hudson Yards and the Hotel Pennsylvania.
The location provides excellent access to Penn Station,
Madison Square Park and subway stations for the C,E,F,V,1,N and R.
Sale price: $40 mil
Lease price: $45 psf
Chelsea    96000  $416 per SF
W 47 St
5 Story commercial building for sale.
Size: 8,000 SF
Sale Price: $5 mil
Rent price: $40,000/month
Midtown West    8000  $625 per SF
W 24 St
Development site for sale
Asking price: $8.3 mil
Chelsea    25680  $332
7 Ave
Four story building for sale.
Contains three loft units and a ground floor retail unit.
All leases are 40-65% below market.
All leases expire in December of 2011, except the ground floor which expires in September of 2012.
- high ceilings on all floors
- significant amount of unused air rights
- ideal for an investor or an owner / user, or developer looking to purchase a property with strong upside potential.
- a prime Chelsea retail destination.
Zoning: C6-3X (R9X equivalent)
Residential FAR: 9.0
Commercial FAR: 6.0
Building Size: 20’ x 76’ (Approx.)

Buildable Sq. Ft: 14,000
Available Air Rights: 8,000

Price: $4,700,000
Chelsea    6000  $783 per SF
W 35 St
Office building for sale. All tenants have month-to-month leases.
Can be delivered vacant.
Price: $19.6 mil
Midtown West    68000  $288 per SF
W 30 St
5-story loft building
Has elevator.
Can be delivered vacant.
Square feet: 10,522
Lot size: 27' x 98.75'
Bldg dimensions 27' x 94'
Zone district: M1-6 (office, manufacturing, retail permitted)
The property has approximately 16,141 square feet of unused development rights and is a prime development site. Maximum buildable: 26,660 SF
Within a short walking distance to multiple subway lines including the N, R and the B, D, F – Q, R and PATH Trains to New Jersey at Herald Square
The location is also serviced by the M1, M2, M3, and M5 Bus.

Price: $6,850,000
Chelsea    10522  $651 per SF
W 27 St
Building for sale
6,000 SF floor plates.
Currently occupied with termination upon sale clauses on all leases.
Can be delivered vacant within 9 months.
Price: $41,000,000
Chelsea    78000  $525 per SF
For more information on any of these buildings please call (347) NYC-8181
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