5 East 44th Street
5 East 44th Street
Sold 3/1/17
New Construction
Sold 3/1/17
New Construction
Description
at 5 East 44th Street. This is an incredible investment opportunity to own an approximately 2836 sq.
ft. ( 1876 on the first floor and 960 in fully usable basement) retail-condominium with 14' of frontage on a main commercial corridor with tremendous foot
traffic near Grand Central.
The subject property is currently occupied by a medical practice but will be delivered vacant and is
prime for an owner-user...The Lulla Team has been retained on an exclusive basis for the sale of a retail-condominium located
at 5 East 44th Street. This is an incredible investment opportunity to own an approximately 2836 sq.
ft. ( 1876 on the first floor and 960 in fully usable basement) retail-condominium with 14' of frontage on a main commercial corridor with tremendous foot
traffic near Grand Central.
The subject property is currently occupied by a medical practice but will be delivered vacant and is
prime for an owner-user to occupy the space or makes a unique investment. The location is between
Madison and Fifth Avenue - neighboring tenants include Brooks Brothers, The Cornell Club of New
York, Allen Edmonds and Coach. This property represents a great opportunity for future ownership to
realize a high yield in an area where retail rents have been steadily on the rise, expected cap rate is
6-7%. It is one block from One Vanderbilt, which will be the city's tallest office tower building with
over $1.6 million square feet.
Amenities
- Street Scape
- Full-Time Doorman
- Part-Time Doorman
- Concierge
- Common Outdoor Space
- Elevator
- Southern Exposure
- Luxury
Location
Property Details for 5 East 44th Street
| Status | Sold |
|---|---|
| Days on Market | 55 |
| Taxes | $2,833 / month |
| Maintenance | $2,680 / month |
| Min. Down Pymt | 20% |
| Total Rooms | 1.0 |
| Compass Type | - |
| MLS Type | - |
| Year Built | 2007 |
| Lot Size | 2,711 SF / 27' x 100' |
| County | New York County |
Building
Number 5
Location
Building Information for 5 East 44th Street
Payment Calculator
$30,071 per month
30 year fixed, 7.25% Interest
$24,558
$2,833
$2,680
Property History for 5 East 44th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5 East 44th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 116 Mary Lindley Murray PublicPK to 5 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 | ||
Jhs 104 Simon Baruch Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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