New York, NY 10016
- Sq. Ft: 4,900
- PRICE PER SQ. FT: $1,075
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 5-year double-net (NN) lease with 5 years remaining on the initial term where the landlord is only responsible for the property taxes & insurance. The current rent is $299,880 annually with a NOI of $250,182 after expenses. The lease calls for 2% annual rental increases throughout the lease term.
John J. Stewart
Licensed Real Estate Associate Broker
Nicholas M. Biedron
Licensed Real Estate Salesperson | Uptown, Midtown