Marcus & Millichap - Tri Borough Multi-Family

129 West 56th Street

129 West 56th Street
Theatre District - Times Square, Manhattan

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Price: $10,450,000
Building Size: 9,998 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: (212) 430-5206

Marcus & Millichap is pleased to offer 129 W 56th Street, located between 6th Avenue and 7th Avenue in the Midtown section of Manhattan, NY. The subject property is a six story mixed use building that consists of one fully-occupied retail unit, three 1-Bedroom apartments, and five 2-Bedroom apartments. The property is built 20.83 ft x 80.83 ft and sits on a 20.83 ft x 100.83 ft lot with approximately 9,998 gross square feet. The property is zoned C6-6.5/MID (Block: 1009, Lot: 16)

This property offers investors the opportunity to capitalize on the strong retail and residential markets occurring in the midtown section of Manhattan, New York, and improve the existing rent roll through bringing a couple units out of Rent Stabilization and at least one Free Market unit up to market rent.