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1st Floor - Unit Retail
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Retail
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4,000 SF
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$4,680,000 USD
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Unit Size: 4,000 SF
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Condo Use: Retail
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Price: $4,680,000 USD
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Sale Type: Investment or Owner User
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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).
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