East 53rd Street 12, New York, NY, 10022, US

12 East 53rd Street

Asset description

JLL has been retained on an exclusive basis to arrange for the sale

of 12 East 53rd Street, Manhattan, New York 10022 (the “Property”).

The six-story landmark commercial townhouse, plus basement,

on the south side of East 53rd Street between Fifth and Madison

Avenues in Midtown East, is unrivaled in stature and history.

Constructed in 1871, and also known as the “Fisk-Harkness

House”, the Tudor-inspired Gothic Revival style was redesigned

by Raleigh C. Gildersleeve in 1906. The C5-2.5 zoned commercial

Property has approximately 25,000 rentable square feet and was

most recently home to the Laboratory Institute of Merchandising

College (LIM College). The building consists of a lobby welcome

center and several reception areas, various class and meeting

rooms, student lounges, executive offices (former home of the

LIM College President’s office), and an oversize conference

hall and full basement. Past historical events include a League

of Nations luncheon and owners such as Proctor & Company,

cousin of Standard Oil executive William Harkness, and the

Automobile Club of America.

The Property was recently vacated by LIM College and will

be delivered free and clear of all tenancies. The building

presents an extremely rare opportunity to own a commercial

townhouse on a preeminent block tucked between Madison

and Fifth Avenues steps from all New York has to offer. The

building features high ceilings, intricate woodwork and historic

characteristics creating a bucolic feel in the pulsing veins of

the Financial Capital of the World. Recent modern installations

and building system updates produce a unique highly soughtafter

combination of charm and sophistication.

On the south side of East 53rd Street, between Fifth and Madison

Avenues in the heart of the Plaza District, the iconic landmarks

of St. Patrick’s Cathedral, Rockefeller Center and Central Park

are all a few minutes’ walk from the front door of 12 East 53rd

Street. The Property is nestled along Fifth Avenue, one of

the world’s most coveted retail corridors, which can receive

up to 30,000+ pedestrians per hour during peak holiday traffic.

Premier retailers among the likes of Apple, Armani, Bergdorf

Goodman, BVLGARI, Louis Vuitton, Tiffany & Co., Saks Fifth

Avenue, UNIQLO and Zara, among countless others, flood the

Fifth Avenue streetscape with energy and color. Transportation

opportunity also lies abundant with the E M trains located a

minute from the Property at the corner of Fifth Avenue and 53rd

Street, and the 4 5 6 B D F M 1 2 3 situated all within

a short walk.

...

Attributes

Building area net

2,329 sm

Asking price

CA$23,937,000

Year built

1871

Number of floors

6 floors

Media

Investment highlights

User Potential - Endless possibilities include a Private Club, Office, School, Embassy, Medical, or Church among countless others.
Residential Townhouse Potential - This landmark maintains a traditional feel with modern features ideal for any user to develop their ideal residential townhouse.
Historical Building - The property was originally built in 1871 then altered in 1906 with an asymmetrical neo-Tudor Gothic style limestone façade. The property has been home to art galleries, antique dealers, and exclusive clubs.
Newly Renovated Building Systems - Newly renovated elevator cab and building wide systems allow for new ownership to cosmetically renovate without requiring major capital expenditures.
Ideal Plaza District Location - Centrally located in the heart of one of Manhattan’s highest end corridors. 12 East 53rd Street has direct access to premier shopping, restaurants and tourist attractions such as Central Park and the Plaza Hotel.
Excellent Connectivity - The property is located on a block that serves the E M trains. The 4 5 6 B D F M 1 2 3 are within a 5 minute walk.