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162 W 56th St - Carnegie Plaza
27,458 SF Office/Medical Unit Offered at £7,900,100 in New York, NY 10019
Investment Highlights
- Incredible access to public transportation. NQRW, as well as F trains are only 1 block away, with 1, ABCD trains within walking distance.
- Corner building with views of NY landmarks. Located across the street from Carnegie Hall, and close to other Midtown landmarks
Executive Summary
Carnegie Plaza, located directly across from Carnegie Hall, is a 18 story mixed use condo building only 1 block from both the NRQW and the F train, and is just minutes away from Times Square, Central Park, and Columbus Circle. Street facing offices in this building have views of 7th Avenue, Central Park, and Carnegie Hall. The property features a modernized elevator, servicing the offices exclusively, and has its own dedicated attended lobby. The office lobby is connected to the residential lobby, which also features a 24/7 doorman.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Unit Available
Unit Commercial
| Unit Size | 27,458 SF | Sale Type | Investment |
| Price | £7,900,100 | Net Initial Yield | 4.96% |
| Price Per SF | £287.72 | NOI | £391,607.94 |
| Unit Use | Office/Medical | Sale Conditions | Portfolio Sale |
| Unit Size | 27,458 SF |
| Price | £7,900,100 |
| Price Per SF | £287.72 |
| Unit Use | Office/Medical |
| Sale Type | Investment |
| Net Initial Yield | 4.96% |
| NOI | £391,607.94 |
| Sale Conditions | Portfolio Sale |
Description
This property is a commercial condominium unit in a mixed use building comprised of 28 professional suites and office. Carnegie Plaza Condominium is a 18 story, corner building at 7th Avenue and 56th Street. The commercial unit is comprised of the entire 2nd through 5th floors consisting of 27,450 rentable square feet, as well as a dedicated commercial lobby.
Located directly across from Carnegie Hall, it’s only 1 block from both the NRQW and the F train, and is just minutes away from other major landmarks, like Times Square, Central Park, and Columbus Circle.
Each of the 4 floors has 7 office units. They features various floor plans, and sizes, and every unit has a private bathroom, making them perfect for professional users, like medical, offices, and salons. The many street facing offices have views of 7th Avenue, Central Park, and Carnegie Hall.
The property features a modernized elevator, servicing the offices exclusively, and has its own dedicated attended lobby. The office lobby is connected to the residential lobby, which also features a 24/7 doorman.
The unit will be delivered with tenants in place.
Sale Notes
This opportunity is unique - the building is 100% leased, with short lease terms. These professional office units are in demand. The projected market rents for similar units are 27% higher, could lead to an increase in NOI of 76%. (see flyer for details)
PROPERTY HIGHLIGHTS
Corner building with views of NY landmarks. Located across the street from Carnegie Hall, and close to other Midtown landmarks like Times Square, Central Park, and Columbu Circle.
4 full floors, of 7 offices each, with various floor plans and sizes to meet different tenants’ needs.
Every office unit has a private bathroom, attracting tenants who have water requirements, like medical, salon and office users.
Modernized elevator, exclusive use of the Commercial Lobby and the elevator therein, giving office tenants and customers direct, preferred access to the building.
Incredible access to public transportation. NQRW, as well as F trains are only 1 block away, with 1, ABCD trains within walking distance.
Interior Photo
Entrance and wating area
Work/salon space
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Doorman
- Vintage Building
- Pet Care
zoning
| Zoning Code | C6-6, New York, R5 (A wide range of high-bulk commercial uses requiring a central location) |
| C6-6, New York, R5 (A wide range of high-bulk commercial uses requiring a central location) |
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Yitzhak Loria -
Caravaggio Loria -
Yitzhak Loria Management, LLC
Presented by
162 W 56th St - Carnegie Plaza
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