25 54Th StNew York, NY 10019

Property Details for 25 54Th St

Year built

1939

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional Midtown West property at 25 W 54th St, New York, NY 10019, presents a unique investment opportunity. This 1-unit, Class C multifamily and office building, constructed in 1939, boasts a desirable 6.00% cap rate and is currently listed at $1,700,000. The building features a fully equipped five-operatory dental office, currently operating with three dentists generating $15,000/month in rental income. Two operatories are available for the new owner's immediate use. The space is described as clean, crisp, and move-in ready, with all furniture, fixtures, and equipment included in the sale. Building amenities include a 24/7 doorman, attended lobby, laundry facilities, storage, and pet-friendly policies. The building offers stunning city views and is conveniently located between Fifth and Sixth Avenues, providing easy access to various transportation options. The property also includes nine bedrooms and one bathroom. Pied-à-terre is allowed. This pre-war building presents a rare blend of established income and significant potential for growth. Don't miss this chance to acquire a thriving, well-maintained property in a prime Manhattan location.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7619

Longitude

-73.977

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