FOR SALE
JUST OFF FIFTH AVENUE & ROCKEFELLER CENTER PROMINENT HEADQUARTERS OR FLAGSHIP RETAIL OPPORTUNITY THE OFFERING Cushman & Wakefield has been retained on an exclusive basis to This glass jewel box building will be completed Q1 2019, constructed arrange for the sale of 12 West 48th Street, a brand-new construction and designed with an articulated façade to enhance visibility from 4-story mixed-use office and retail glass jewel box building, inclusive of Fifth Avenue and Rockefeller Plaza, with high ceilings and floor-to- a private rooftop as well as a lower level retail space. 12W48 is located ceiling windows. The building will contain a retail unit totaling approx. in Midtown Manhattan just west of Fifth Avenue and across the street 10,831 rentable SF across the first floor and basement. The upper floors from Rockefeller Center at the southern end of Rockefeller Plaza. The contain 18,108 rentable SF of office space designed to be as flexible property features approximately 30,845 Gross Square Feet and 75 feet as possible so that it can be split into full-floor office units spanning of frontage along the south side of West 48th Street between Fifth from approximately 5,163 to 6,455 rentable SF or to be utilized by one Avenue and Rockefeller Plaza. This ideal location is steps from seven single user. The property also features three outdoor spaces including train lines (B, D, F, M, N, R and W) and Grand Central Station and it also an private rooftop terrace that a tenant can further program if they offers close proximity to many of New York City’s premier attractions so desire. including Rockefeller Center, Times Square, the Theatre District, Bryant Park, Central Park and the United Nations Headquarters. Furthermore, The acquisition of 12 West 48th Street represents a unique opportunity the property is just 150 feet off the highest-priced retail corridor in the for investors and users alike, offering a highly efficient brand-new world, upper Fifth Avenue. 12 West 48th is situated in the middle of construction building with the potential for strong cash flow, the branding over 20 million SF of office space and has direct visibility of Rockefeller opportunity to create a retail flagship at the southern end of Rockefeller Center which experiences over 400,000 visitors daily and over 800,000 Plaza, a premier corporate headquarters or a distinguished government visitors during the holiday season. embassy, diplomatic mission or consulate. INVESTMENT HIGHLIGHTS Brand New Construction
Glass Jewel Box Design
Articulated Facade designed to capture sight lines to Fifth Avenue and Rockefeller Plaza
Rockefeller Plaza and Fifth Avenue Visibility
75 Feet of Frontage along 48th Street
Private 2nd Floor, 4th Floor and Rooftop Terrace
Excellent 15’+ Ceiling Heights on all floors and over 18’ on the ground floor
Floor-to-ceiling expansive windows
Over 20 million SF of office space within 3 blocks
150 Feet west of Fifth Avenue, the highest-priced retail corridor in the world
More than 400K people visit Rockefeller Center daily (Over 800K during the holiday season)
Perfect for family office, foundation, gallery, government embassy, diplomatic mission or consulate
Extremely flexible for end user to configure building as single-use retail or mixed-use office above retail
Building has been future-proofed to include the option to add a second elevator in the future should a buyer decide to reconfigure the building PROPERTY FEATURES Address 12 West 48th Street New York, NY 10036 Location South side of West 48th St. between Fifth Ave. and Ave. of the Americas Block / Lot 1263 / 45 Lot Size 75' x 100.42' (approx.) Lot Area 7,532 (approx.) 75' x 96.18' (Ground Floor) (approx.) Building Size 75' x 76.09' (2nd-3rd Floors) (approx.) 75' x 62.89' (4th Floor) (approx.) Stories 4 plus cellar Gross SF (above grade) 23,345 (approx.) Rentable SF 28,940 (approx.) Zoning / FAR C6-4.5 / 12.0 Unused Air Rights None Landmark No Historic or Special Purpose District Special Midtown District Assessment (18/19) $1,511,100 Taxes (18/19) $158,877 Plaza
WEST 48TH STREET Rockefeller FIFTH AVENUE
EXTELL 45
BLOCK: 1263 NEW DEVELOPMENT AVENUE OF THE AMERICAS AVENUE WEST 47TH STREET For more information, please contact:
CHARLES BORROK Executive Vice Chairman 212 841 7550 [email protected]
JOHN CIRAULO Vice Chairman 212 660 7700 [email protected]
CRAIG WAGGNER Senior Director 212 660 7744 [email protected]
WILL CONRAD Director 212 660 7740 [email protected]
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