asking price - Agorafy
| Vacant Mixed-Use Building | 304 East 49th Street New York, NY
PROPERTY SNAPSHOT Location:
South side of East 49th Street between Second and First Avenues
Block / Lot:
1341 / 149
Lot Dimensions:
25’ x 50.25
(Approx.)
Lot Area:
1,256 SF
(Approx.)
Building Size:
25’ x 45’
(Approx.)
Stories: Gross Square Footage: Zoning/ FAR: Total Buildable Sq. Ft.: Available Air Rights: Assessment (14/15): Real Estate Taxes (14/15):
4 4,500 SF
(Approx.)
C1-9 (RES) 10.0 (COMM) 2.0 12,560 sq. ft.
(Approx.)
8,060 $457,072 $86,372
asking price :
property description
$4,850,000
304 East 49th Street is a vacant four-story building located between First and Second Avenues. The building is zoned C1-9, allowing for a mixeduse development. Sitting with 25’ of frontage on East 49th Street, the subject property is made up of approximately 4,500 gross square feet and benefits from 8,060 SF of additional air rights. Currently the property consists of two retail units on the ground floor, live/work space on the second and third, and two one-bedroom apartments on the fourth floor. The basement, which contains full-height ceilings and is approved for commercial use, provides extra square footage and serves as ancillary office space. The basement and hallways are also equipped with a sprinkler system. The property will be delivered vacant and could be a perfect opportunity for user groups looking to invest in a rapidly transforming area as well as for families looking to relocate to an area booming with residential development. Embassies will find the property particularly appealing as it is just steps away from the UN headquarters. Sitting near the Second Avenue corner lot line, this property is well positioned as a future corner assemblage. 304 East 49th Street is conveniently located in the heart of Midtown East, providing easy access to Manhattan’s core. Buyers benefit from being just a few blocks from the United Nations, and will see an increase in transportation options with the incoming Second Avenue subway. | For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman [email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales [email protected] 212.696.2500 x7747
Ax Hayssen Associate [email protected] 212.696.2500 x7713
Madeline Burbank Associate [email protected] 212-696-2500 x 5172
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. 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.
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
| Vacant Mixed-Use Building | 304 East 49th Street New York, NY
First Avenue
Second Avenue
East 49th Street
1341/149
East 48th Street
asking price : $ 4 , 8 5 0 , 0 0 0
| For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman [email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales [email protected] 212.696.2500 x7747
Ax Hayssen Associate [email protected] 212.696.2500 x7713
Madeline Burbank Associate [email protected] 212-696-2500 x 5172
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. 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.
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
PROPERTY SNAPSHOT Location:
South side of East 49th Street between Second and First Avenues
Block / Lot:
1341 / 149
Lot Dimensions:
25’ x 50.25
(Approx.)
Lot Area:
1,256 SF
(Approx.)
Building Size:
25’ x 45’
(Approx.)
Stories: Gross Square Footage: Zoning/ FAR: Total Buildable Sq. Ft.: Available Air Rights: Assessment (14/15): Real Estate Taxes (14/15):
4 4,500 SF
(Approx.)
C1-9 (RES) 10.0 (COMM) 2.0 12,560 sq. ft.
(Approx.)
8,060 $457,072 $86,372
asking price :
property description
$4,850,000
304 East 49th Street is a vacant four-story building located between First and Second Avenues. The building is zoned C1-9, allowing for a mixeduse development. Sitting with 25’ of frontage on East 49th Street, the subject property is made up of approximately 4,500 gross square feet and benefits from 8,060 SF of additional air rights. Currently the property consists of two retail units on the ground floor, live/work space on the second and third, and two one-bedroom apartments on the fourth floor. The basement, which contains full-height ceilings and is approved for commercial use, provides extra square footage and serves as ancillary office space. The basement and hallways are also equipped with a sprinkler system. The property will be delivered vacant and could be a perfect opportunity for user groups looking to invest in a rapidly transforming area as well as for families looking to relocate to an area booming with residential development. Embassies will find the property particularly appealing as it is just steps away from the UN headquarters. Sitting near the Second Avenue corner lot line, this property is well positioned as a future corner assemblage. 304 East 49th Street is conveniently located in the heart of Midtown East, providing easy access to Manhattan’s core. Buyers benefit from being just a few blocks from the United Nations, and will see an increase in transportation options with the incoming Second Avenue subway. | For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman [email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales [email protected] 212.696.2500 x7747
Ax Hayssen Associate [email protected] 212.696.2500 x7713
Madeline Burbank Associate [email protected] 212-696-2500 x 5172
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. 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.
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
| Vacant Mixed-Use Building | 304 East 49th Street New York, NY
First Avenue
Second Avenue
East 49th Street
1341/149
East 48th Street
asking price : $ 4 , 8 5 0 , 0 0 0
| For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo Vice Chairman [email protected] 212.660.2500 x7700
Clint Olsen Vice President of Sales [email protected] 212.696.2500 x7747
Ax Hayssen Associate [email protected] 212.696.2500 x7713
Madeline Burbank Associate [email protected] 212-696-2500 x 5172
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. 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.
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
