3 52nd Street
New York, NY 10022

Cross street:5th Avenue

Property

Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 2510 sq ft

Financials

Price: $15,000,000
Annual Taxes: $135,556

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505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Premier

Description

Calling all End Users, Restaurant Operators, Developers! Oxford Property Group, Creative Leasing Concepts & EXIT Realty Premier have been retained on an exclusive basis to arrange for the sale of 3 East 52nd St New York, NY 10022(the "Property") located off 5th Avenue. The Property, located within the Gold Coast of NYC Real Estate, has a rich history and is home to the iconic French Restaurant, La Grenouille which has been in business for over 60 years. The stunning restaurant building, which has repeatedly been named one of the most beautiful restaurants in the City has breath taking ceiling height, spans 6,200sf across 3 levels with an additional 625sf of mezzanine. The Property is located between 5th Avenue & Madison Avenue, the most impressive retail corridor in the world, attracting tourists from all over the globe. It is located 1 block north of St.Patrick's Cathedral, 2 blocks North East of Rockefeller Center and 7 blocks South of Central Park. It is next door to Salvatore Ferragamo, across the street from the famed Cartier Building and Olympic Tower Condominium's and around the corner from the newly developing Rolex headquarters. This is a once in a lifetime opportunity for End Users to purchase a building so deeply embedded in the history of New York City. The opportunity is waiting for another restaurateur or hospitality group to occupy a building that is move in ready and vented in one of the most sought after locations in the world. The property also comes with an additional 29,000+ sf of air rights giving developers the option to build a luxury Condo building, Hotel, Commercial Office or Townhouse on the site. The property is conveniently located to Grand Central Terminal, which is now open to the Long Island Railroad trains. Grand Central Terminal is the largest train station in the world, hosting 750,000 visitors per day. It is also easily accessible to the B, D, F, M, E, 4 & 6 subway lines

Neighborhood

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Calling all End Users, Restaurant Operators, Developers !


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.