225 East 59th Street
is a three story commercial building located in the heart of Midtown East’s
“Decoration and Design District,” on the north side of East 59th Street
directly across from the Decoration and Design Building. This property
benefits from an impressive 15-foot ceiling on the first floor, providing
ideal space for a showroom or gallery. It is currently net leased
to Michaelian & Kohlberg, an antique rug gallery, which utilizes the
first floor as their showroom and uses the top two floors for storage and
day-to-day operations. At present, the current lease is set to expire March
31, 2014.
Given the prime location as well as the net lease currently in place,
this property would be ideal for an investor pursuing strong
cash-flowing properties in high profile neighborhoods. Additionally, this
presents an unique opportunity for a potential user looking for a property to
carry itself before becoming vacant for the purchaser’s use.
Click here for listing details.
Neighborhoods: Midtown East