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Mixed-Use Commercial/Residential Townhouse
162 East 37th Street
South side of 37th Street, between Lexington & Third Avenues.
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PROPERTY DESCRIPTION
Circa 1924 5-story, walk-up brownstone with seven (7) rent stabilized apartments and ground floor commercial (commercial C/O).
Prime townhouse block located in the commercial heart of Murray Hill. Neighboring buildings include the Shelburne Murray Hill Hotel and the 32-story, 144 unit Aurora condominium and ExecuStay (Marriott International, Inc.) corporate apartment community. Excellent proximity to the United Nations Secretariat, midtown central business district, and Grand Central Station.
Possibility to configure 1,800+ SF Owner's Duplex. Delivered partially vacant. Owner-User-Investor Opportunity. Excellent Upside Potential.
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PROPERTY INFORMATION
| Block/Lot: 0892-0048 |
| Lot Size: 20' x 69.25' - 1,385 SF |
Building Size: Ground Floor: 20' x 69.25' = 1,385 SF
Parlor Floor: 20' x 46' = 920 SF
Second Floor: 20' x 46' = 920 SF
Third Floor: 20' x 46' = 920 SF
Fourth Floor: 20' x 46' = 920 SF
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Square Feet: 5,065
No Additional Development Rights Available. |
| Stories: 5 plus mechanical cellar (20' x 46' |
| Tax Class: 2B |
INCOME INFORMATION
ASKING PRICE
CONTACT
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All information regarding property for sale, rent or financing is from sources deemed reliable, but no warranty or representation
is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other
conditions, prior to sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions
you must hire your own architect or engineer.
Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND OTHER INFORMATION CONTAINED HEREIN.
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