552 West 43rd Street 552 West 43rd Street - Agorafy
552 552 West West rd 43 Street 43rd Street New NewYork, York,NY NY CONFIDENTIAL OFFERING MEMORANDUM
www.masseyknakal.com
CONFIDENTIALITY & CONDITIONS This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in the sale of 552 West 43rd Street, New York, New York (the “Property”).
are present at the Property and, if so, whether any health danger or other liability exists. Such substances may have been used in the construction or operation of buildings or may be present as a result of previous activities at the Property.
This brochure was prepared by Massey Knakal Realty Services, (“Massey Knakal”) and has been reviewed by representatives of Ownership. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which prospective lessees may desire. It should be noted that all financial projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Massey Knakal or Owner and, therefore, are subject to material variation. Additional information and an opportunity to inspect the Property and plans will be made available to interested and qualified investors. Neither Owner, Massey Knakal nor any of their respective officers nor employees, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitments or obligations shall arise by reason of this brochure or any of its contents. All square footage measurements must be independently verified.
Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. Depending upon past, current and proposed uses of the Property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. If such substances exist or are contemplated to be used at the Property, special governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present.
Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this brochure or making an offer to purchase the Property unless and until a written agreement satisfactory to Owner has been fully executed, delivered, and approved by Owner and any conditions to Owner obligations thereunder have been satisfied or waived.
In this brochure, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of the documents. Interested parties are expected to review independently all relevant documents.
By receipt of this brochure, you agree that this brochure and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you will not disclose this brochure or any of its contents to any other entity without the prior written authorization of Owner nor will you use this brochure or any of its contents in any fashion or manner detrimental to the interest of Owner or Massey Knakal. It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. Massey Knakal does not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCB’s and other contaminants or petrochemical products stored in underground tanks) or other undesirable materials or conditions,
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552 West 43rd Street, N.Y., N.Y.
While this brochure contains physical description information, there are no references to condition. Neither Owner nor Massey Knakal make any representation as to the physical condition of the Property. Prospective lessees should conduct their own independent engineering report to verify property condition.
The terms and conditions stated in this section will relate to all of the sections of the brochure as if stated independently therein. If, after reviewing this brochure, you have no further interest in purchasing the Property at this time, kindly return this brochure to Massey Knakal at your earliest possible convenience. Photocopying or other duplication is not authorized. This brochure shall not be deemed an indication of the state of affairs of Owner, nor constitute an indication that there has been no change in the business or affairs of Owner since the date of preparation of this brochure. Once you have expressed an offer to acquire the property and have demonstrated certain bona fides satisfactory to owner, certain further and additional information may be provided in order for you to complete your due diligence investigation; e.g. complete and detailed rent roll, expense passthroughs. Zoning is a critical factor in the value of this property. All zoning information must be independently verified.
THE MASSEY KNAKAL ADVANTAGE FOR BUYERS Best Inventory On average, Massey Knakal exclusively lists 600+ properties at any given time – the largest inventory of properties in the New York City metropolitan area. More buyers and sellers choose to work with Massey Knakal than any other firm for any size or type of property transaction. Best Territory Knowledge The Massey Knakal Territory System™ assigns only one sales agent to represent property in a given area, making these agents superior real estate experts for their territory. The benefit to you is that our agents can assist you with making a more profitable buying decision. You can be confident that a purchase or lease made through Massey Knakal will be the right decision for your needs. Best Opportunity Massey Knakal treats all buyers fairly, which means that you will always have an equal opportunity to purchase or lease a property. Since Massey Knakal only handles exclusive listings, you will be able to get accurate property information and up-to-the-minute status reports on the availability of all our properties. The benefit to you is that you will not waste valuable time tracking properties that have already been sold. Additionally, throughout the purchasing process, you will always be treated with respect and professionalism by our sales agents.
Massey Knakal: We Know New York City. Know Us.
™
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552 West 43rd Street, N.Y., N.Y.
552 West 43rd Street Commercial Condominium New York, NY 10036 CONFIDENTIAL OFFERING MEMORANDUM
INSERT PICTURE HERE
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552 West 43rd Street, N.Y., N.Y.
TAX MAP 552 West 43rd Street New York, NY Block: 1071 Lot: 1501
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552 West 43rd Street, N.Y., N.Y.
The subject property is located on the south side of West 43rd Street between Tenth and Eleventh Avenue.
Commercial Condominium Available for Sale
552 West 43rd Street New York, NY 10019
Location:
The south side of West 43rd Street between Tenth and Eleventh Avenue
Block/Lot (Unit): Lot Size: Building Size:
1071/1501 25' x 100.42 25' x 97.5
Unit Size:
2,106 sq. ft. (approx.)
Zoning:
C6-4 (Sp. Clinton District)
FAR:
10.0 Comm. /10.0 Res.
Assessment ('13/'14): RE Taxes ('13/'14):
$85,555 (unit) $11,277 (unit)
Property Description: The subject property is a ground floor commercial condominium unit located on the south side of West 43rd Street between Tenth and Eleventh Avenue. It contains a private garage in the front and has a large work space and accessory office in the rear. It can be delivered vacant and might be appropriate for use as currently configured or for conversion to retail use.
ASKING PRICE: $1,950,000 For further information or inspection, please contact Exclusive Agent:
Christoffer Brodhead
Cameron Mitchell
(212) 696-2500 x7799
(212) 696-2500 x7746
[email protected]
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
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552 West 43rd Street, N.Y., N.Y.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
SATELLITE IMAGE
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552 West 43rd Street, N.Y., N.Y.
PHOTOS
Garage
Exterior Photo
Interior Photo
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552 West 43rd Street, N.Y., N.Y.
FLOOR PLAN
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552 West 43rd Street, N.Y., N.Y.
LOCATION MAP
552 West 43rd Street
522 West 43rd Street
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552 West 43rd Street, N.Y., N.Y.
AERIAL PHOTO
552 West 43rd Street
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552 West 43rd Street, N.Y., N.Y.
SUBWAY MAP
552 West 43rd Street
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552 West 43rd Street, N.Y., N.Y.
ZONING MAP New York City’s zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot (“floor to area ratio”); required open space on the lot, the number of dwelling units permitted; the distance between the building and the street; the distance between the building and the lot line; and the amount of parking required. Address:
552 West 43rd Street
Zoning: FAR:
C6-4 (Special Clinton District) 4.2
522 West 43rd Street
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552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
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552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
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552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
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552 West 43rd Street, N.Y., N.Y.
REAL ESTATE TAX ASSESSMENT (‘13/’14)
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552 West 43rd Street, N.Y., N.Y.
CERTIFICATE OF OCCUPANCY
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
www.masseyknakal.com
CONFIDENTIALITY & CONDITIONS This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in the sale of 552 West 43rd Street, New York, New York (the “Property”).
are present at the Property and, if so, whether any health danger or other liability exists. Such substances may have been used in the construction or operation of buildings or may be present as a result of previous activities at the Property.
This brochure was prepared by Massey Knakal Realty Services, (“Massey Knakal”) and has been reviewed by representatives of Ownership. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which prospective lessees may desire. It should be noted that all financial projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Massey Knakal or Owner and, therefore, are subject to material variation. Additional information and an opportunity to inspect the Property and plans will be made available to interested and qualified investors. Neither Owner, Massey Knakal nor any of their respective officers nor employees, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitments or obligations shall arise by reason of this brochure or any of its contents. All square footage measurements must be independently verified.
Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. Depending upon past, current and proposed uses of the Property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. If such substances exist or are contemplated to be used at the Property, special governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present.
Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this brochure or making an offer to purchase the Property unless and until a written agreement satisfactory to Owner has been fully executed, delivered, and approved by Owner and any conditions to Owner obligations thereunder have been satisfied or waived.
In this brochure, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of the documents. Interested parties are expected to review independently all relevant documents.
By receipt of this brochure, you agree that this brochure and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you will not disclose this brochure or any of its contents to any other entity without the prior written authorization of Owner nor will you use this brochure or any of its contents in any fashion or manner detrimental to the interest of Owner or Massey Knakal. It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. Massey Knakal does not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCB’s and other contaminants or petrochemical products stored in underground tanks) or other undesirable materials or conditions,
1
552 West 43rd Street, N.Y., N.Y.
While this brochure contains physical description information, there are no references to condition. Neither Owner nor Massey Knakal make any representation as to the physical condition of the Property. Prospective lessees should conduct their own independent engineering report to verify property condition.
The terms and conditions stated in this section will relate to all of the sections of the brochure as if stated independently therein. If, after reviewing this brochure, you have no further interest in purchasing the Property at this time, kindly return this brochure to Massey Knakal at your earliest possible convenience. Photocopying or other duplication is not authorized. This brochure shall not be deemed an indication of the state of affairs of Owner, nor constitute an indication that there has been no change in the business or affairs of Owner since the date of preparation of this brochure. Once you have expressed an offer to acquire the property and have demonstrated certain bona fides satisfactory to owner, certain further and additional information may be provided in order for you to complete your due diligence investigation; e.g. complete and detailed rent roll, expense passthroughs. Zoning is a critical factor in the value of this property. All zoning information must be independently verified.
THE MASSEY KNAKAL ADVANTAGE FOR BUYERS Best Inventory On average, Massey Knakal exclusively lists 600+ properties at any given time – the largest inventory of properties in the New York City metropolitan area. More buyers and sellers choose to work with Massey Knakal than any other firm for any size or type of property transaction. Best Territory Knowledge The Massey Knakal Territory System™ assigns only one sales agent to represent property in a given area, making these agents superior real estate experts for their territory. The benefit to you is that our agents can assist you with making a more profitable buying decision. You can be confident that a purchase or lease made through Massey Knakal will be the right decision for your needs. Best Opportunity Massey Knakal treats all buyers fairly, which means that you will always have an equal opportunity to purchase or lease a property. Since Massey Knakal only handles exclusive listings, you will be able to get accurate property information and up-to-the-minute status reports on the availability of all our properties. The benefit to you is that you will not waste valuable time tracking properties that have already been sold. Additionally, throughout the purchasing process, you will always be treated with respect and professionalism by our sales agents.
Massey Knakal: We Know New York City. Know Us.
™
2
552 West 43rd Street, N.Y., N.Y.
552 West 43rd Street Commercial Condominium New York, NY 10036 CONFIDENTIAL OFFERING MEMORANDUM
INSERT PICTURE HERE
3
552 West 43rd Street, N.Y., N.Y.
TAX MAP 552 West 43rd Street New York, NY Block: 1071 Lot: 1501
4
552 West 43rd Street, N.Y., N.Y.
The subject property is located on the south side of West 43rd Street between Tenth and Eleventh Avenue.
Commercial Condominium Available for Sale
552 West 43rd Street New York, NY 10019
Location:
The south side of West 43rd Street between Tenth and Eleventh Avenue
Block/Lot (Unit): Lot Size: Building Size:
1071/1501 25' x 100.42 25' x 97.5
Unit Size:
2,106 sq. ft. (approx.)
Zoning:
C6-4 (Sp. Clinton District)
FAR:
10.0 Comm. /10.0 Res.
Assessment ('13/'14): RE Taxes ('13/'14):
$85,555 (unit) $11,277 (unit)
Property Description: The subject property is a ground floor commercial condominium unit located on the south side of West 43rd Street between Tenth and Eleventh Avenue. It contains a private garage in the front and has a large work space and accessory office in the rear. It can be delivered vacant and might be appropriate for use as currently configured or for conversion to retail use.
ASKING PRICE: $1,950,000 For further information or inspection, please contact Exclusive Agent:
Christoffer Brodhead
Cameron Mitchell
(212) 696-2500 x7799
(212) 696-2500 x7746
[email protected]
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
5
552 West 43rd Street, N.Y., N.Y.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
SATELLITE IMAGE
6
552 West 43rd Street, N.Y., N.Y.
PHOTOS
Garage
Exterior Photo
Interior Photo
7
552 West 43rd Street, N.Y., N.Y.
FLOOR PLAN
8
552 West 43rd Street, N.Y., N.Y.
LOCATION MAP
552 West 43rd Street
522 West 43rd Street
9
552 West 43rd Street, N.Y., N.Y.
AERIAL PHOTO
552 West 43rd Street
10
552 West 43rd Street, N.Y., N.Y.
SUBWAY MAP
552 West 43rd Street
11
552 West 43rd Street, N.Y., N.Y.
ZONING MAP New York City’s zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot (“floor to area ratio”); required open space on the lot, the number of dwelling units permitted; the distance between the building and the street; the distance between the building and the lot line; and the amount of parking required. Address:
552 West 43rd Street
Zoning: FAR:
C6-4 (Special Clinton District) 4.2
522 West 43rd Street
12
552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
13
552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
14
552 West 43rd Street, N.Y., N.Y.
ZONING DESCRIPTION
15
552 West 43rd Street, N.Y., N.Y.
REAL ESTATE TAX ASSESSMENT (‘13/’14)
16
552 West 43rd Street, N.Y., N.Y.
CERTIFICATE OF OCCUPANCY
17
552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
18
552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
CONDO PLANS
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552 West 43rd Street, N.Y., N.Y.
