47 East 30th Street

JLL has been retained on an exclusive basis to arrange for the sale of 47 East 30th Street, a four-story mixed-use investment opportunity located in the desirable NoMad neighborhood of Manhattan. Ideally positioned between Madison Avenue and Park Avenue South, the property lends itself to numerous investment strategies. The building contains approximately 5,320 gross square feet above grade and consists of 5 residential apartments and 1 commercial unit. The residential units are 100% free market and consist of 2 studios, 2 one-bedroom, and 1 two-bedroom units. The commercial unit is leased to Murray Hill Pet Hospital through May 2024 and this tenant is responsible for a large portion of the real estate taxes and utility expenses. Overall, the building generates an annual net operating income of approximately $212,000. Future ownership will benefit from significant cash-flow in one of Manhattan’s most stable submarkets. Given the fair market tenancy and short-term leases, the building represents an ideal user opportunity in a highly desirable location. Users have the flexibility to occupy either the entire building or just a portion in the near term. Furthermore, there are roughly 15,350 square feet of unused air rights that can be used for a future redevelopment of the property. 47 East 30th Street presents investors, developers, and/or end users a unique opportunity to acquire a 100% free market property in one of Manhattan’s most sought after locations.