236-238 E 53rd St

Investment Highlights

Executive Summary

The 40? ? 100.42? lot (Approx. 12,624 SF building) is located on East 53rd Street between Third and Second Avenues. East 53rd Street is also known as Midtown East?s ?Restaurant Row? because of the abundant food options on this block. The property has immediate public transportation access just down the street at the Lexington Ave/53rd Street Station, which serves the E and F trains.The train is also just a brief walk away at the Lexington Ave/ 51st Street stop. 236 East 53rd Street also has access to the greater NY area at Grand Central, which is located just a 10 minute walk away. The lot is zoned R8B, allowing for a maximum ZFA of 16,000 SF. Residential and commercial use is permitted.

• Sale Type    Investment
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Storefront Retail/Residential Restaurant
• Building Size    12,264
• Building Class    C
• Year Built    1920
• NOI    853,356
• Percent Leased    100
• Tenancy    Multiple
• Building Height    6 Stories
• Building FAR    3.13
• Land Acres    0.09 AC