Commercial Condominium Units For Sale

520 West 49th Street, New York, NY

Market Price

Price

57,964 sqft

Building Size

1920

Year Built

Overview
Building Size
57,964 sqft
Year Built
1920
Zoning
R8/C2-5
Floors
4
Parking Spots
55
Year Last Renovated
2005
Description

JLL, as exclusive agent, is pleased to offer for sale two new commercial condominium units being created on the full third and fourth floors of 520 West 49th Street (the “Property”). The entire four-story building received a top to-bottom renovation in 2005 and is in excellent condition with fully modernized building systems. The current owner of the building, American Red Cross (“ARC”), is right-sizing and will continue to own and occupy the first, second, and basement floors, freeing up the remaining third and fourth floors for sale to a third party. The new condominium units will be delivered vacant and are ready for immediate occupancy by a tenant or user.

Sixteen-foot ceilings, 29,000 square foot floorplates, and industrial-grade elevators and floor loads make the space ideal for a wide variety of uses, including creative office, showroom, medical, financial, education, and not for-profit facilities. This rare offering provides an outstanding value proposition versus office condominium product in Midtown and Midtown South, with a notable lack of for-purchase alternatives in the 25,000 square foot range

Highlights
  • Loft-Like Design
  • Fully Renovated Asset
  • Industrial-Grade Facility
  • Generous Floor Plates
  • High Window-to-Floor Area Ratio
  • Newly Upgraded Lobby
  • On-site Parking
  • Rare Offering
  • Condominium Ownership Benefits
  • Rapidly Improving Midtown West Neighborhood
  • Walk-to-Work Convenience
  • Excellent Transportation Access
  • Emerging Life Sciences Cluster
Documents
Title
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Location
Gallery