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222 E 58th St
New York, NY 10022 Midtown East

$4,680,000 USD

Apartments Condo For Sale  •  4,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 340,837 SF
  • Lot Size 0.24 AC
  • Building Class B
  • Year Built 1964
  • Cap Rate 4.32 %
  • Zoning C1-9
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Retail Retail 4,000 SF $4,680,000 USD
  • Unit Size: 4,000 SF
  • Condo Use: Retail
  • Price: $4,680,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $1,170.00 USD
Description
•	Space (Approxi.) 1600 SF Ground Floor Retail, and 2400 SF Basement
•	Frontage (Approxi.) 50-FT  
•	Ground Floor - Vacant
(1)	Has Two Separate Entrance and an Emergency Exit
(2)	4-Bathrooms
(3)	225 SF Outdoor Space 
(4)	Extra Water Line is in Place

•	Basement -Occupied
(1) Finished and Fully Vented 
(2) Occupied by a Well-Established Catering Company

Sale Notes
Compass is the exclusive sales broker for the retail condominium located at 222 East 58th Street (the “Property”).

The Property features approximately 50 feet of frontage with a striking wall of windows, offering excellent street visibility. It consists of a 1600-square-foot ground-floor commercial retail space and an approximately 2,400-square-foot vented, finished basement. The ground floor is currently vacant, while the basement is occupied by Viva Events and Catering, a well-established catering company.

This offering presents an exceptional opportunity for both investors and end-users to own a retail condominium in Manhattan’s highly desirable Midtown East neighborhood. End-users can occupy the ground-floor space while collecting rental income from the existing tenant on the lower level.

Situated in Manhattan’s Center of Design District, the Property is adjacent to Decoration & Design (D&D) building, The Architects and Designers (A&D) Building, surrounded by a vibrant mix of home improvement, furniture, and interior design stores, along with numerous restaurants. It is steps from Bloomingdale’s, the Bloomberg headquarters, and just a few blocks from major hospitals and Rockefeller University. The location offers easy access to Queensboro Bridge and is conveniently located just two blocks from the Lexington Avenue/59th Street subway station (serviced by the 4, 5, 6, N, Q, and R lines).

Description

•	Space (Approxi.) 1600 SF Ground Floor Retail, and 1400 SF Basement
•	Frontage (Approxi.) 50-FT  
•	Ground Floor - Vacant
(1)	Has Two Separate Entrance and an Emergency Exit
(2)	4-Bathrooms
(3)	225 SF Outdoor Space 
(4)	Extra Water Line is in Place

•	Basement -Occupied
(1) Finished and Fully Vented 
(2) Occupied by a Well-Established Catering Company

Highlights

Midtown High-Traffic Retail for Lease or Sale
Surrounded by Home Furnishing, Building Materials and Interior Design, Restaurants, Hospitals and Rockefeller University
Extensive Transportation Nearby
Long Frontage with Big Windows
Steps from Bloomingdale’s, Bloomberg HQ, and major hospitals

Property Flyers

Financial Summary

Cap Rate: 4.32 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
E 58th St Sewer & Drain College
Just Bulbs

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Heating
  • On-Site Retail
  • Elevator
  • Basement
  • Instant Hot Water
  • Porch
  • Skylights
  • Vinyl Flooring
  • Floor to Ceiling Windows
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
3 min 16 min 0.8 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 4 min 20 min 1.0 mi
Transit/SubwayDriveWalkDistance
59 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
Lexington Avenue-59 Street (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
Lexington Avenue-63 Street (F - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
51 Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 14 min - 6.5 mi
Newark Liberty International 23 min - 15.8 mi
John F Kennedy International 26 min - 16.4 mi
Jasmine Ji 917-808-5286 Compass
Jasmine Ji 917-808-5286 Compass