232 East 58th Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10022

Investment Figures

Cap rate
2.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 232 East 58th Street, presenting a rare opportunity to acquire 4-unit mixed use building in the heart of Midtown East. 232 East 58th Street has been owned and operated by the same family for over 70 years and is positioned just off the corner of East 58th Street and 2nd Avenue. 232 East 58th Street sits on a 20' X100.42' SF lot with R8B Zoning. Investment Highlights: • 232 East 58th Street, built in 1901, is comprised of 4 mixed-use units, spans 4 stories and sits on a 20' X100.42' SF lot, approx 4760 SF. • 100% Free Market | | Zoning : R8B | Tax Class: 4 • 232 East 58th Street has direct access to the 4/5/6, N/R/W, F, and Q subway lines, the Queensboro Bridge, and major bus routes, the location offers unrivaled connectivity to the entire city.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 2.3% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 100 days. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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