235 58Th St New York, NY 10022

This exceptional mixed-use property at 235 E 58th Street in New York, NY 10022, offers a unique opportunity for owner-occupancy. The building, constructed in 2013 and renovated in the same year, features a total of 4,003 square feet across three stories, with 4,000 square feet of net rentable space. The property includes a vacant 1,674 square foot lot and is zoned R8B, permitting mixed-use development. The building comprises one structure with two units: a ground-floor storefront ideal for retail, and a luxurious upper-level duplex residence. The storefront offers approximately 1,670 square feet of prime retail space on East 58th Street, while the duplex residence boasts approximately 1,700 square feet of living space, including a master bedroom, spacious kitchen, and an extra-large second bedroom. A 500 square foot office space is also included on the second floor. The asking price is $4,990,000, with a pro-forma NOI of $225,000 and a pro-forma cap rate of 4.20%. The property is currently vacant and available for occupancy on November 1, 2024. This presents a rare chance to acquire a live-work space in a highly desirable Manhattan location, surrounded by high-end residential neighborhoods and renowned design businesses. The lease type is NN+.