111 East 39th Street

Cushman & Wakefield has been exclusively hired to sell 111 East 39th Street, a 16.67’ wide, 5-story, walk-up building located on the north side of East 39th Street between Park and Lexington Avenues. The 9 unit building is comprised of 3 one-bedroom apartments, 5 studios and 1 three-bedroom apartment. The three-bedroom apartment is located on the ground floor with a private outdoor garden. Eight of the nine units are Fair Market with 60-day vacate notices while the one Rent Stabilized unit has a surrender agreement in place. This offers a steady in-place income stream while planning your renovation or alternatively the entire building could be delivered vacant Each of these units boast high ceilings ranging from 10’-12’, oversized windows, fireplaces and many other unique features. Additionally, the property benefits from approximately 1,110 square feet of unused air rights and its superb location just steps off Park Avenue and Midtown’s office district plus numerous modes of transportation through nearby Grand Central Terminal. Medical and dental professionals as well as many other community facility users can take advantage of the R8B zoning that permits these uses. With the ability to vacate the property, this presents an ideal live/work, live/invest, work/invest or single family conversion opportunity in one of NYC’s most sought after neighborhoods.