62 47Th StNew York, NY 10036

Property Details for 62 47Th St

Year built

1925

Property size (Sq ft)

382 SF

Zone code

C6-6

Property type

Industrial properties

Property subtype

Flex space

APN

01262-1214

APU

12621214

Description

This exceptional 1,352 square foot commercial condominium unit is located in the heart of Manhattan's Diamond District at 62 West 47th Street, unit 706, zip code 10036. The property, situated on an 11,652 square foot lot, is a prime investment opportunity for both owner-occupiers and investors. Currently configured as five separate rooms, each is leased to a different tenant, generating a stable monthly rental income of $8,500. The property can be delivered vacant upon request. Building amenities include 24-hour security. Importantly, the building's regulations stipulate that units must be used for jewelry-related businesses only. This industrial/office/retail space presents a unique blend of income-generating potential and a desirable location within a thriving commercial hub. The property's size and layout offer flexibility for various uses within the permitted industry. The asking price is $1,622,400. This is a rare opportunity to acquire a well-located, income-producing commercial condominium in a highly sought-after area of Manhattan. The property's ceiling height is noted as "Other" in the provided information.

• Alternative Use

  Use

  Valuation

  Residential

  $72,289

  Hospitality

  $66,217

  Educational

  $55,091

  Medical

  $56,986

  Retail

  $85,698

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7576

Longitude

-73.9813

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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