Manhattan Retail Investment Property

245 E 53rd St, New York, NY 10022, USA


Listing 4970 

ASKING PRICE: $4,000,000

Rare opportunity to own this desirable 3,500 SF retail unit in a highly walkable retail corridor of Midtown Manhattan. Strong restaurant tenant and cannabis eligibility for future consideration. Close proximity to Hotels, Restaurants, Event Venues and Residential.

Investment Summary:

  • Currently leased to stable tenant
    • Popular Fusion Restaurant
    • Multiple Locations in NY
  • 2024 Net Estimate $147 K
  • 6 Years Remaining On Lease
  • Generating excellent owner income

Property Highlights:

  • Part of a larger mixed-use building
    • New Construction Condo Complex
  • Two Story Unit: Ground Floor and Basement Level
  • Approximately 3,500 SF
  • BONUS: Cannabis Zoning

Brian Olivier – License# 01056855 – WeCann

Co-Listed with Corey Shuster; Associate Agent with Douglas Elliman. Contact: 917-620-2886

  • ID: 11347
  • Published: March 27, 2024
  • Last Update: May 15, 2024
  • Views: 1042

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