125 E 39th St 6 Unit Apartment Building $11,446,544 CAD ($1,907,757 CAD/Unit) New York, NY 10016

Cushman & Wakefield is exclusively retained to sell 125 East 39th Street, a mixed-use building located in the heart of Prime Murray Hill. The property boasts a fully functional multi-level restaurant space with a bar, lounge, and sit-down restaurant across the garden, basement, and second floors. Currently leased to Kawabun, a Michelin-starred restaurant that has gone dark, their rent is corporate-guaranteed through September 2027. For a new restaurant operator, the space could be vacated, making it an ideal turnkey opportunity for a restauranteur, owner-user or retailer seeking a prime location with move-in ready conditions.
Above the retail, six (6) well-maintained, free market apartments (100%), offer secure cash flow and substantial potential for rent growth. The building spans 7,600± SF (plus an 1,840± SF usable cellar = 9,600± total SF) and presents a rare opportunity for both immediate cash flow from the residential units and future upside through the retail space and residential lease trade outs. The property also benefits from its Tax Class 2B designation, providing advantageous tax benefits for long-term investment. Additionally, with fewer than 10 units, the property may be exempt from 'Good Cause Eviction' laws, which can be beneficial for certain buyers.
Situated in a high-demand area, the property is surrounded by major office buildings, restaurants, and retail, ensuring high foot traffic for businesses. The spacious one-bedroom apartments provide an opportunity for live-invest, owner occupancy or increased rents as leases roll over. The location is also well-served by transportation, with easy access to Grand Central Terminal, Penn Station, and multiple subway lines (4, 5, 6), (B, D, F, M) (1, 2, 3, N, Q, R, W) offering convenient travel for tenants and customers. Nearby landmarks like Bryant Park, Times Square, and the New York Public Library further enhance the property's appeal.
125 East 39th Street represents a rare and exceptional opportunity for investors or owner-users seeking a mixed-use property with both immediate income and strong growth potential in one of New York City's most vibrant neighborhoods.