No Tenant Specified
Outsite Co.
124 E 37th St, New York, NY 10016
Listing Price: $5,266,989
Investment Overview
Marcus & Millichap is pleased to present the market positioning and pricing analysis for this Outsite Co. Flagship location located in New York City’s Murray Hill neighborhood at 124 East 37th Street. The property is 4,900 square feet situated on an estimated 0.02 acre parcel of land. Outsite Coliving is subject to a five-year double-net lease with five years remaining on the initial term where the landlord is only responsible for the property taxes & insurance. The current rent is $294,000 annually with a NOI of$245,750 after expenses. The lease calls for two percent annual rental increases throughout the lease term.
Listing Price: $5,266,989
Investment Highlights
- Rare Manhattan Double-Net Five-Year Lease, Two Percent Annual Increases
- Tenant Responsible for All Maintenance, Utilities, & Upkeep
- Five-Story Town House Configured into Three Duplex Apartments
Investment Overview
Marcus & Millichap is pleased to present the market positioning and pricing analysis for this Outsite Co. Flagship location located in New York City’s Murray Hill neighborhood at 124 East 37th Street. The property is 4,900 square feet situated on an estimated 0.02 acre parcel of land. Outsite Coliving is subject to a five-year double-net lease with five years remaining on the initial term where the landlord is only responsible for the property taxes & insurance. The current rent is $294,000 annually with a NOI of$245,750 after expenses. The lease calls for two percent annual rental increases throughout the lease term.
