162 W 56th St
New York, NY 10019 Central Park South

• Unit Size: 27,458 SF
• Condo Use: Medical Office
• Price: $9,750,000 USD
• Sale Type: Investment
• Price/SF: $355.09 USD

Description

Reduced Price, and Updated Financials!
This property is a commercial condominium unit in a mixed use building comprised of 28 professional suites and office. Carnegie Plaza Condominium is a 18 story, corner building at 7th Avenue and 56th Street. The commercial unit is comprised of the entire 2nd through 5th floors consisting of 27,450 rentable square feet, as well as a dedicated commercial lobby.
Located directly across from Carnegie Hall, it’s only 1 block from both the NRQW and the F train, and is just minutes away from other major landmarks, like Times Square, Central Park, and Columbus Circle.
Each of the 4 floors has 7 office units. They features various floor plans, and sizes, and every unit has a private bathroom, making them perfect for professional users, like medical, offices, and salons. The many street facing offices have views of 7th Avenue, Central Park, and Carnegie Hall.
The property features a modernized elevator, servicing the offices exclusively, and has its own dedicated attended lobby. The office lobby is connected to the residential lobby, which also features a 24/7 doorman.
The unit will be delivered with tenants in place.

Sale Notes

This opportunity is unique - the building is leased to multiple tenants with short lease terms. These professional office units are in demand. The projected market rents for similar units are 22% higher, could lead to an increase in NOI of 55%. (see flyer for details)
PROPERTY HIGHLIGHTS
Corner building with views of NY landmarks. Located across the street from Carnegie Hall, and close to other Midtown landmarks like Times Square, Central Park, and Columbu Circle. 
4 full floors, of 7 offices each, with various floor plans and sizes to meet different tenants’ needs.
Every office unit has a private bathroom, attracting tenants who have water requirements, like medical, salon and office users.
Modernized elevator, exclusive use of the Commercial Lobby and the elevator therein, giving office tenants and customers direct, preferred access to the building.
Incredible access to public transportation. NQRW, as well as F trains are only 1 block away, with 1, ABCD trains within walking distance.