The Corcoran Group's Carrie Chiang Team has been retained on an exclusive basis to arrange for the sale of the mixed-use, 20' wide, thirteen-story commercial building which is new construction and has never been occupied. Located on the West side of Fifth Avenue, between 31st and 32nd Streets, it is positioned in a prime central location just blocks to Flatiron, Penn Station, The Empire State Building and Koreatown. The roof is also finished and offers spectacular views of the city, including the Empire State Building.Estimated rents for the commercial portion are $60/sf and for the residential portion $70/sf.On a triple net basis building will yield well over 2%. Ideal for income generation or for single owner occupier. âEUR¢ Grand entry lobby with double-height ceilings and spacious waiting area.âEUR¢ Floors 1-9 Commercial/Office 14,700 SF with partitioned offices and executive offices with wood flooring. Flexible configuration with bathroom facilities on each floor.âEUR¢ Floors 10-13 Residential 5,000 SF with fully equipped kitchen and outdoor terraces. Can be partitioned into individual units or one quadraplex.âEUR¢ Roofdeck with sweeping city views including direct views of the Empire State Building Brand New Construction Building is fully equipped with all Department of Buildings code requirements: sprinkler system, fire alarms, fire pump, 15,000 gallon suction tank water supply, two elevators with keyed access, two egress staircases.
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