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House New York (United States)by annonceur international
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Backto the list : house for Sale at New York

HouseNew York (United States)
Price :
$10,800,000
($11,183 / m²)
Surface966 m²land0 ha

150 West 36th Street is a five-story, 10,395-square-foot mixed-use building offered fee simple and fully leased, two blocks from Penn Station in Manhattan's Garment District. The property produces $714,444 of gross annual income with reported in-place NOI of approximately $526,000. All four tenancies transfer at closing — no lease-up period, no leasing budget required to reach stabilization, and no gap between closing and cash flow. The ground floor, second floor and cellar are anchored by Zen Ramen & Sushi, a high-volume Midtown restaurant operator with more than 3,500 Yelp reviews, under a lease running six more years. The three upper floors are held by established commercial tenancies — a tailoring house trading since 1959, a textile and apparel user, and a medical spa — each occupying a full floor served by a passenger elevator. Rollover is spread across four separate years, and every office floor carries a renewal option. The building's nearest lease expiration sits at a rent set in a prior cycle. Garment District asking rents have moved since, leaving a defined path to income growth that does not depend on lease-up. Sixteen subway lines plus PATH, LIRR, NJ Transit and Amtrak converge within a quarter mile. Herald Square, Macy's, Bryant Park, Madison Square Garden and the Empire State Building are all within a ten-minute walk. Twenty-five-foot lots on Midtown side streets are finite; the supply of small, fully leased freehold buildings in this corridor does not expand. Complete financials, rent roll, and lease documentation available upon execution of a Confidentiality Agreement. Property Highlights
Advertiser reference : 120404613Le Figaro Properties reference : 110397155

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House New York (United States)

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The data entered into this form is required to allow our partner to respond to your contact request by phone, email or SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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