122 East 55th Street Space
- Usage: Medical,Office,Retail
- Type: Sale
- Floor: —
- Size: 7,000 SQFT
- Price: $7,500,000
- Term: —
Situated in the coveted Plaza District submarket between Third and Lexington Avenues, 122 East 55th Street is a five-story commercial office building that offers a rare blend of historic charm and prime location. Built in 1920, this 7,000-square-foot property with seven distinct units stands as an ideal space for businesses seeking a prestigious Midtown address near the luxury and business epicenter of New York City.
Key Features:
- Prime Location: Nestled between iconic landmarks such as Bloomingdale’s, Phillips Auction House, and various high-end boutiques, the property is just steps away from world-renowned “Billionaires' Row” on Fifty Seventh Street. The location offers unparalleled access to fine dining, luxury shopping, and major cultural attractions.
- Exceptional Connectivity: Easily accessible via multiple subway lines (4, 5, 6, F, M, and Q trains) and bus routes on Lexington Avenue and East 57th Street, this property provides convenient transit options for both employees and clients.
- Historic Character and Modern Amenities: The building’s classic façade reflects its 104-year history, while the interiors offer bright, functional office spaces featuring oversized windows, beautiful wood floors, and unique architectural details such as a stunning mantelpiece over the fireplace.
- Flexible Office Spaces: With each floor shared by only two tenants, the building provides privacy and ample space for a range of professional uses, including medical offices, creative studios, and professional services. The typical floor size of 1,400 SF offers flexibility in design and layout to suit the needs of various tenants.
- Multi-Tenant Configuration: Current neighboring tenants include pilates studios, construction management firms, and insurance agencies, creating a professional and diverse environment conducive to business growth.
Building Details:
- Building Size: 7,000 SF across five stories.
- Typical Floor Size: Approximately 1,400 SF per floor.
- Construction: Built in 1920, maintaining historic charm with modernized interior finishes.
- Zoning: C5-2, allowing for various commercial uses suitable for a wide range of tenants.
- Land Area: 1,742 SF with dimensions of 18’ x 100’.
Investment Opportunity:
- Strong Submarket Presence: The building is positioned in a highly desirable area known for its concentration of luxury brands, professional services, and proximity to Midtown’s commercial core, enhancing its appeal for both investors and end-users.
- Flexible Use Potential: The building’s zoning and configuration offer potential for varied uses, from traditional office spaces to specialized services, such as medical or boutique professional practices.
- Future Growth Potential: The Plaza District continues to see significant investment and development, ensuring ongoing demand for high-quality office space in the area.
122 East 55th Street is not just a property; it’s an opportunity to be part of one of Manhattan’s most prestigious commercial districts. With its historic charm, strategic location, and versatile office spaces, this building is perfect for businesses seeking a unique and prestigious Midtown address. Contact us today to explore this exceptional property and envision your future at 122 East 55th Street.