New York, NY 10016
- Sq. Ft: 4,900
- PRICE PER SQ. FT: $1,121
Marcus & Millichap is pleased to present the exclusive listing for 124 E 37th Street, Outsite Co-living, located in New York City’s Murray Hill Historic District Extension. The building has never been subject to rent regulation.
The property is 4,900 square feet situated on a 19 ft x 49.2 ft lot. Outsite Co-living is subject to a new 10-year absolute triple-net (NNN) lease with around 10 years remaining on the initial term. The current rent is $240,000 annually and the lease calls for 3% annual rental increases throughout the lease term.