409 East 50th Street Offering Memorandum ANTHONY CELIFARCO Prime Real Estate Partners Direct: 646-485-5899 Cell: 516-506-9063
[email protected] JON FRETZ Prime Real Estate Partners Direct: 646-485-5898 Cell: 917-945-1634
[email protected] Investment Opportunity 409 E 50th St, New York, NY 10022 2 Current Property Previously Approved Redesign 4-Story Mixed-Use Building Delivered Vacant 4 Vacant Apartments & 1 Office Unit 3,340 ± SF Total Square Feet 2A Protected Tax Class Situated on a beautiful tree-lined street in Turtle Bay, New York, 409 East 50th Street is located between 1st Avenue and Beekman Place in a vibrant neighborhood full of excellent restaurants, cafes and shopping outlets. Built in 1930, this property spans 3,340±SF with 4 residential units and 1 office. This 19' wide vacant brownstone also comes with plans for a single family conversion done by Leo Sguera. The plans were previously approved in 2015 and will need to be updated and re-submitted for current approval, but this an exceptional head start for the conversion process. Also, the option is to leave the building as is, and utilize as a 4 family or owners duplex with 2 rental apartments, allowing the new owner with a range of options to consider. PRIME REAL ESTATE PARTNERS 11 West 20th Street 4th Floor New York, NY 10011 Office: 212-268-8043 Investment Details 409 E 50th St, New York, NY 10022 3 Property Details Block/Lot 1362/0104 Lot Dimensions 20’ x 100’ Lot Area 1,950 Sq. Ft. Building Dimensions 19’ x 43’ Building Size 3,340 Sq.