384 5Th AveNew York, NY 10018

This exceptional eight-story office building, located at 384 Fifth Avenue in New York, NY 10018, presents a unique investment opportunity. Boasting 28,000 square feet of space, the property is currently vacant and ready for immediate occupancy, starting April 12, 2024. Built in 1906, this elevator building is zoned C5-3 MiD and sits on a 3,583 square foot lot. The building's versatile design caters to both creative and traditional office uses. The property's prime location on Fifth Avenue offers unparalleled access to major transportation hubs, including proximity to the Empire State Building, Herald Square, and Penn Station, as well as numerous subway lines. A retail tenant currently occupies a portion of the building, providing immediate income potential. The upper floors are to be delivered vacant, allowing for flexible redevelopment options. A significant advantage for potential buyers is the owner's offer of 50% mortgage financing, making this a compelling investment opportunity in a highly desirable location. This is a rare chance to acquire a substantial property in the heart of New York City with significant upside potential. The building's history and location combine to create a truly exceptional offering.