420 Fifth Avenue (Office Condo)
420 5th Avenue, New York, NY, 10018, US
A$15,491,000
Asset Description
The building will be delivered vacant and is a perfect opportunity for user groups, value-add investors and commercial developers alike. With ~19,666 rentable square feet, in one of Manhattan’s most desirable office locations, 17 East 47th Street could serve as the ideal home to non-profit and cultural institutions. The proximity to the United Nations and original building facade makes this an especially attractive option for consulates, missions and embassies.
The generous zoning (FAR of 15.0) and excess air rights (~20,485) also presents a significant boutique office redevelopment opportunity. In total, there are over 38,000 buildable square feet available to any institution or investor looking to plant their flag in the heart of Midtown Manhattan.
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Attributes
Building area gross
1,827 m²
Year built
1932
Land area gross
232 m²
Number of units
3
Media
Investment Highlights
.JLL has been retained on an exclusive basis to arrange the sale of 17 East 47th Street, a vacant, 8-story commercial property in Midtown. Located between Fifth & Madison Avenues, the property is surrounded by Rockefeller Center, Grand Central Station,
Bryant Park, the Midtown Office Core and luxury retailers along Fifth & Madison Avenues.
Contact brokers
17 E 47th Street (0 Properties)
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Last updated
16 Aug 2024
