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245 E 53rd St
New York, NY 10022 Midtown East

$3,750,000 USD

Apartments Condo For Sale  •  1,800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,484 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 2019
  • Zoning R8B
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit Retail Office/Retail 1,800 SF $3,750,000 USD
  • Unit Size: 1,800 SF
  • Condo Use: Office/Retail
  • Price: $3,750,000 USD
  • Sale Type: Investment
  • Price/SF: $2,083.33 USD
Description
Compass has been exclusively retained to facilitate the sale of the commercial retail condominium located on the ground and lower levels of 245 East 53rd Street in Manhattan, NY.

The subject property consists of approximately 1,800 square feet on the ground floor, along with 1,667 square feet on the lower level. The space is currently leased to the well-known restaurant concept MáLà Project through March 31, 2030.

This commercial condominium is positioned between Second and Third Avenues at the base of a recently developed boutique residential condominium in the highly regarded Sutton Place neighborhood of Manhattan.

East 53rd Street is widely recognized as “Restaurant Row” of Midtown East, featuring a strong concentration of established food and beverage operators along the corridor.

Please inquire for additional financial details.

Description 

245 East 53rd Street is a boutique mixed-use condominium building located in the heart of Midtown East’s Sutton Place neighborhood. The property was completed in 2016 and consists of approximately 65 residential condominium units above ground-floor retail.

The offering comprises the commercial retail condominium located at the base of the building, featuring approximately 1,800 square feet on the ground floor and 1,667 square feet on the lower level. The space is currently leased to the well-known restaurant concept MáLà Project, with a lease in place through March 31, 2030, providing stable long-term tenancy.

Positioned between Second and Third Avenues, the property benefits from strong residential density, proximity to major office corridors, and convenient access to public transportation. East 53rd Street has become a prominent dining corridor within Midtown East, drawing consistent foot traffic from both neighborhood residents and office professionals.

The combination of modern residential development above and an established restaurant tenant below creates a compelling investment opportunity in one of Manhattan’s most established and desirable submarkets.

Amenities

  • Heating

Public Transportation

Commuter RailDriveWalkDistance
2 min 12 min 0.6 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)) 3 min 15 min 0.8 mi
Transit/SubwayDriveWalkDistance
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
51 Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
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 9 min 0.5 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 9 min 0.5 mi
Lexington Avenue-63 Street (F - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 16 min - 6.6 mi
Newark Liberty International 23 min - 15.4 mi
John F Kennedy International 29 min - 16.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Covered
Included in Rent: Yes
Lauren Curcio 917-370-9152 COMPASS
Lauren Curcio 917-370-9152 COMPASS