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232 E 58th St 4 Unité Immeuble d’appartements 5 444 945 $ CAD (1 361 236 $ CAD/Unité) New York, NY 10022



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Résumé de l'annonce
• Rare Opportunity & Long Term Ownership. The property has been owned and operated by the same family for over70 years, presenting a rare opportunity to acquire a 4-unit mixed-use building in the heart of Midtown East.
• Restaurant/Retail End User Potential. The current restaurant lease expires in November 2027 with no option to extend, providing unrivaled end-user potential to own and operate a restaurant, or repurpose the retail into other use. The space features 2,000 square feet on the ground floor, a full vented kitchen, a liquor license, and a full basement formeal prep and additional storage.
• 100% Free Market – Value Add & Retail Repositioning. 232 East 58th Street represents a true value-add & retailrepositioning opportunity. The asset consists of four units: a ±2,000 SF ground-floor retail space currently leasedsignificantly below market, a full-floor boutique office, and two free-market residential units – both of which can be converted to 2BR layouts to increase cash flow. Statutorily exempt from rent stabilization, the building is 100% free-market, providing for immediate upside. Additionally, floors 2 & 3 will be delivered vacant upon sale, providing for immediate business plan execution upon acquisition.
• Multiple Investment Strategies. 232 East 58th Street features multiple investment strategies, including, but notlimited to: converting the office floor to residential to capture historically strong rental demand, transitioning the assetinto protected Tax Class 2A status, repositioning the under-market retail as the current term nears expiration, potentialend-user occupancy of the restaurant, and executing a value-add business plan through cosmetic renovations toincrease cash flow significantly.
• Unrivaled Location. Positioned just off the corner of East 58th Street and 2nd Avenue, 232 East 58th Street sits on a quiet, tree-lined block at the nexus of Midtown East and the Upper East Side—two of Manhattan’s most affluent and high-demand neighborhoods. The property is surrounded by high-end national retailers, luxury condo towers, andongoing residential development, forming a dense live-work-play ecosystem. With direct access to the 4/5/6, N/R/W, F, and Q subway lines, the Queensboro Bridge, and major bus routes, the location offers unrivaled connectivity to the entire city. Resultantly, high-profile renters and retailers are eager to pay a premium for all this area has to offer.
• Restaurant/Retail End User Potential. The current restaurant lease expires in November 2027 with no option to extend, providing unrivaled end-user potential to own and operate a restaurant, or repurpose the retail into other use. The space features 2,000 square feet on the ground floor, a full vented kitchen, a liquor license, and a full basement formeal prep and additional storage.
• 100% Free Market – Value Add & Retail Repositioning. 232 East 58th Street represents a true value-add & retailrepositioning opportunity. The asset consists of four units: a ±2,000 SF ground-floor retail space currently leasedsignificantly below market, a full-floor boutique office, and two free-market residential units – both of which can be converted to 2BR layouts to increase cash flow. Statutorily exempt from rent stabilization, the building is 100% free-market, providing for immediate upside. Additionally, floors 2 & 3 will be delivered vacant upon sale, providing for immediate business plan execution upon acquisition.
• Multiple Investment Strategies. 232 East 58th Street features multiple investment strategies, including, but notlimited to: converting the office floor to residential to capture historically strong rental demand, transitioning the assetinto protected Tax Class 2A status, repositioning the under-market retail as the current term nears expiration, potentialend-user occupancy of the restaurant, and executing a value-add business plan through cosmetic renovations toincrease cash flow significantly.
• Unrivaled Location. Positioned just off the corner of East 58th Street and 2nd Avenue, 232 East 58th Street sits on a quiet, tree-lined block at the nexus of Midtown East and the Upper East Side—two of Manhattan’s most affluent and high-demand neighborhoods. The property is surrounded by high-end national retailers, luxury condo towers, andongoing residential development, forming a dense live-work-play ecosystem. With direct access to the 4/5/6, N/R/W, F, and Q subway lines, the Queensboro Bridge, and major bus routes, the location offers unrivaled connectivity to the entire city. Resultantly, high-profile renters and retailers are eager to pay a premium for all this area has to offer.
Faits sur la propriété
| Prix | 5 444 945 $ CAD | Classe d’immeuble | C |
| Prix par unité | 1 361 236 $ CAD | Taille du lot | 0,05 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 760 pi² |
| Nombre d’unités | 4 | Nombre d’étages | 4 |
| Type de propriété | Immeuble residentiel | Année de construction | 1901 |
| Sous-type de propriété | Appartement | ||
| Zonage | R8 - Le zonage R8 est considéré comme un zonage résidentiel à « haute densité ». | ||
| Prix | 5 444 945 $ CAD |
| Prix par unité | 1 361 236 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,05 AC |
| Taille du bâtiment | 4 760 pi² |
| Nombre d’étages | 4 |
| Année de construction | 1901 |
| Zonage | R8 - Le zonage R8 est considéré comme un zonage résidentiel à « haute densité ». |
1 1
Walk Score®
Un paradis pour un marcheur (100)
Transit Score®
Un paradis pour conducteur (100)
Bike Score®
Très cyclable (80)
Impôts fonciers
| Numéro de lot | 1331-0033 | Évaluation des bâtiments | 536 351 $ CAD |
| Évaluation du terrain | 370 383 $ CAD | Évaluation totale | 906 733 $ CAD |
Impôts fonciers
Numéro de lot
1331-0033
Évaluation du terrain
370 383 $ CAD
Évaluation des bâtiments
536 351 $ CAD
Évaluation totale
906 733 $ CAD
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232 E 58th St
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