East 56Th Street Asking Price $10,495,000

127 EAST 56TH STREET ASKING PRICE $10,495,000 The Opportunity: Cushman & Wakefield has been retained exclusively to arrange for the sale of 127 East 56th Street, a vacant, 6 story commercial building in Midtown, Manhattan. Located between Park Avenue and Lexington Avenue, the property is within close proximity to the Midtown office core, shopping along Fifth and Madison Avenues, Rockefeller Center and Central Park. In addition, the property is steps from New York City’s Design District and world-class neighbors such as the Design & Decoration Building and Bloomingdale’s flagship store. The 1,600 SF ground floor retail space currently occupied by Skin Spa New York has direct access to the 1,000 SF basement. Each of the floor-through units above have direct elevator access through the ground-floor lobby. The second-floor unit, last occupied by a hair salon, includes a back terrace. The third-floor unit currently configured for office use with a conference room and two private offices. The penthouse unit, organized as a chiropractor’s office, spans across the top two floors with rooftop terraces on the front and rear of the property. The building will be delivered vacant and is a perfect opportunity for end-user groups and investors alike to purchase a move-in, turn-key property with potential for retail on the ground floor and offices above. With over 10,500 SF of usable space in a prestigious NYC location, 127 East 56th Street provides an ideal home for a user, including non- profits, embassies, consulates, educational facilities, and cultural institutions. WILL CONRAD CHARLOTTE REDICAN (212) 660-7740 (212) 713-6850 [email protected] [email protected] PROPERTY FEATURES Located on the north side of East 56th Street, between Location: Lexington Avenue and Park Avenue Block & Lot: 1311 / 12 Lot Dimensions: 20’ x 100.42’ Lot Square Footage: 2,008 SF (approx.) Gross SF: 10,571 (approx.) Total Buildable SF: 20,080 (approx.) Available Air Rights: Sold Zoning: C5-2 Commercial FAR: 10.00 Residential FAR: 10.00 Assessment (20/21): $1,542,930 Taxes (20/21): $162,578 4 CUSHMAN & WAKEFIELD ASSET HIGHLIGHTS SIX-STORY COMMERCIAL ELEVATOR BUILDING DELIVERED FULLY VACANT IDEAL FOR AN END-USER TO OCCUPY THIS TURN-KEY BOUTIQUE OFFICE WITH A RETAIL STORE COMPONENT PRIME MIDTOWN EAST LOCATION BLOCKS FROM CENTRAL BUSINESS DISTRICT, BLOOMINGDALES FLAGSHIP STORE AND THE DESIGN DISTRICT LESS THAN A 5-MINUTE WALK TO THE 6, E, M, N, R AND W SUBWAY TRAINS 127 EAST 56TH STREET 5 PROPERTY FEATURES FLOOR PLATE SIZES 80’ 80’ 80’ 80’ 80’ TAX MAP E 57TH STREET L E X I N E U G N T O E V E TH STREET N A ’ Block Lot A K V R E A N P U ’ E ’ ’ E 56TH STREET 6 CUSHMAN & WAKEFIELD PROPERTY PHOTOS 127 EAST 56TH STREET 7 TRANSPORTATION MAP ANNUALE SUBWAY 73Rd St RIDERSHIP BY STATION73Rd St E 73Rd St E 72Nd St LEXINGTON AVENUE / 59TH STREET W 17,888,188 E 71St St e e e v v v e A A v A n n A d o o E 70Th St d s t N LEXINGTON AVENUE - 53RD STREETi / 51ST STREET 18,940,774 g 2 R d n 3 a i x M e L e Q v A 68Th St t S 1 E 67Th St 1/2 Mile E 66Th St E 66Th St e v A n E 65Th St e o v t A g n k i r x o E 64Th St e E 64Th St Y L F E 63Rd St 63Rd St F e v e A e v v k E 62Nd St 62Nd St A 2 r A N a n h d P o T s e i A 5 1/4 Mile v d 61St St v A a e t M S E 60Th St 1 60Th St N Q R 60Th St 4 5 59Th St E 59Th St 5 59Th St 6 E 58Th St Sutton Sq F e v 57Th St 57Th S A t 57Th St 57Th St k r a P ^ E 56Th St e v e v A A h W 55Th St E 55Th St h T l e 7 T v P 5 A n e t o E 54Th St v t S A 1 t u d S N B W 53Rd St 2 D E M E 53Rd St E M N St Q W 52Nd E 52Nd St e v R s A a e W 51St St c v i n E 51St St r A o W e s d i m R d e a 3 W 50Th St A E 50Th St v M e A h Br t T S f 1 o W 49Th St a O E 49Th S e t d v e wa A v A k y W 48Th St W 48Th St r a P 1 e v A 2 e n W 47Th St W 47Th St v o A t B g 3 d n i N x W 46Th St D 2 e E 46Th St L F W 45Th St E 45Th St e M v e A e 4 v v t A A S 1 l t W 44Th St h 5 l 8 CUSHMAN & WAKEFIELD P i T b 5 w r 6 e e p d 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