5 East 47th Street
5 East 47th Street
Midtown Manhattan
Prime 18,500 RSF Mixed-Use Elevator Office Building
| Type | Office |
|---|---|
| Neighborhood | Midtown Manhattan |
| Properties | One Property |
| Lot Size | 2,510 Square Feet |
| Zoning Code | C5 - 2.5 |
| Size | 18,500 RSF |
| Stories | Seven Stories |
| Air Rights | 16,095 BSF |
Investment Highlights:
Meridian Investment Sales is pleased to exclusively present the offering for 5 East 47th Street, a seven-story plus cellar mixed-use office and retail elevator building located in the heart of Midtown Manhattan. Built in 1920, the building spans 18,500 RSF and features 25’ of valuable frontage along 47th Street between Madison and 5th Avenues. The ground floor retail space offers approximately 2,000 RSF with 1,500 RSF below grade and each office floor plate features 2,500 RSF of column free spacing and a wet pantry.
The building has been well maintained and features a new elevator and large windows allowing for an abundance of natural light/air. The building will be delivered 100% vacant, making it ideal for a user to establish a flagship corporate headquarters or lease-up and stabilize the building. Importantly, the asset also features 16,095 SF of additional development rights allowing for future development. The property is located in the flexible C5-2.5 zoning district allowing for possible conversion to residential, student housing or hotel.
