Manhattan Commercial Townhouses
49th Street between Third and Second Avenue
Midtown Manhattan Townhouse for Sale
7,000 SF Listing #CB121803
Available Now! Pre-war. Faux-federal style five-story commercial townhouse on 49th street between Lexington and Third Avenue in Manhattan for sale today. The interior design maximizes spaces and maintains an open feel by use of clean lines and finished surfaces. You will find finished ceilings utilizing sheetrock soffits with downlights / pantry space can be found in the form of floating / expresso or bar island with display cabinetry. Bathrooms are located on each floor throughout the townhouse. There is an abundance of storage in the lower level, 12’ ceilings throughout. With an approximate work area of 7,000 sq. ft., the townhouse provides an excellent work opportunity for its occupants. The high end build out, efficient layout with plenty of natural light combined with the prime location this makes for a perfect company headquarters.
Available Sizes: APPROX. 7,000 SF
244 East 58th Street
Plaza District Townhouse for Sale
7,900 SF Listing #CB092818
Turn-Key Boutique Property - New to market, a 7,900 SF office condominium (14,000 SF. Commercial Space over TWO Floors); located between the South side of East 58th Street between 3rd Avenue and 2nd Avenue. The entirety of this commercial property was recently renovated, and it is in pristine condition with Offices on 2nd, 3rd, 4th, 5th Floors... Generally speaking, the entirety of this commercial property was recently renovated, and it is in pristine condition. This office condo is a modern expression of urban luxury!
Available Sizes: 7,900 SF can be combined for a Total 14,000 SF
32 East 39th Street
Murray Hill Townhouse for Sale
10,600 SF Listing #CB051812
This Manhattan commercial townhouse is located on 39th street, between Madison & Park avenue is perfect for an owner user or investor. This Murray Hill location is prime for a corporate headquarters for any company. Located 3 blocks from Grand Central, easy access to all subway lines and Metro North Railroad. A commercial townhouse or headquarters gives you a rare opportunity to establish a real footprint within Manhattan. With 21 feet of frontage on 39th street, standing 6 stories high totaling 10,626 SF, gives a comfortable office setting complete with an ADA elevator, restrooms on every floor, and more importantly there are multiple outdoor patios to enjoy some fresh air. The building will be delivered vacant upon sale.
Available Sizes: 10,600 SF
Sale Price:$10,750,000
211 east 48th Street
Midtown East Townhouse for Sale
6,300 SF Listing #CB051812
The Lescaze House, a Landmarked Townhouse is a one of a kind commercial townhouse sitting on 48th street. William Edmond Lescaze designed this townhouse in 1936 as his personal home and architecture studio. Complete with 4 stories and 6,272 SF, this is a true piece of history in one Manhattans prime neighborhoods, Turtle Bay. The current owner did an entire restoration on the property with updates including a glass enclosed hydraulic elevator, a Boffi kitchen, central air conditioning, new interior and exterior structural steel and a large courtyard facing North complete with solid glass block skylights. This is a very rare opportunity to create your corporate headquarters in one of Manhattan's most iconic commercial townhouses. This commercial property will be delivered vacant...
Available Sizes: 6,300 SF
Sale Price: $4,950,000
17 East 47th Street
Midtown East Townhouse for Sale
18,425 SF Listing #CB051812
This mixed use commercial building in Midtown Manhattan offers tremendous upside for owner/users as well as investors. This 14,175 square foot property is located directly in the middle of Bryant Park, Grand Central Terminal, Rockefeller Center and Times Square. The ground floor and second floor totaling 4,800 square feet is configured as a restaurant while floors 3 through 6 are office tenants. All leases end June of 2020. This gives the buyer the ability to use the 35,000 square feet of air rights when the tenants vacate. This location on 47th street allows for easy access to the 4, 5, 6, and 7 trains at Grand Central, the B, D, F, M trains at 42nd Street/Bryant Park, and the N, Q, R, W, 1, 2, 3 trains at Times Square.
Available Sizes: 18,425 SF
Sale Price: $18,000,000
3 East 44th Street
Murray Hill Townhouse for Sale
10,626 SF. Listing #CB011903
3 East 44th Street is a 16,200 SF, six-story commercial property. It consists of a restaurant occupying the basement through the second floors, with the remaining three floors set up as office space. The building is serviced by a single passenger elevator. This is a prime opportunity for investors/developers to purchase a midtown property at a low price/SF/BSF. This can also serve as a prime limited service hotel site upon lease expiration given the location and zoning.
Available Sizes: 16,200 SF SF
Sale Price: $3,739,000
About Manhattan Commercial Townhomes NYC
Purchasing and owning a commercial townhouse or corporate headquarters has many benefits. The most unspoken benefit is your own identity. Your company has the opportunity to own their own office/building ranging from 4,000 SF upwards of 10,000 SF. A footprint in Manhattan’s prestigious workplace is an identity within itself.
With multiple floors, the opportunities are endless. From office floors to conference areas, to lounge and entertainment floors, everything is within reach. Having an ADA elevator to access any floor makes these townhouses very convenient for all employees as well as clients.
Every townhouse has a lower level/basement with enough space to create your company gym with 24/7 access to employees. Being that it is a townhouse, showers and changing areas are an easy installation.
Having a rooftop above your corporate office serves many purposes. For those long days where employees need some fresh air, or the Friday afternoon company meetings, can become enjoyable for everyone on your roof deck. Inviting clients over for a catered lunch on your rooftop then take and an elevator ride down a few floors to discuss the business points of closing that deal.
Now that you’re picturing your company in a corporate headquarters, let us send you all the availabilities. We will also walk you through the entire process with the banks to ensure you get the best rates and full white glove service from start to finish.
Condos / Co-ops / Townhomes
Condominium
A commercial condominium is a portion of an office building (referred to as a "Unit") that can be purchased, rather than leased, from the owner/developer of the office building (referred to as the "Sponsor"). The owner of the office condominium unit (the "Unit Owner") holds title to the premises and has full control over any and all design elements within the premises. Office condominium units may also be purchased from another Unit Owner. The condominium unit may be as small as a single office suite among many suites on a floor of an office building, or it could consist of an entire floor of an office building, or even several combined floors. Any construction or other improvements made to the premises of the office condominium belong to the Unit Owner.
Cooperative
Purchasers of a Cooperative buy shares in the corporation allocated to a particular floor or unit. Ownership of the shares entitles the purchaser to a long term proprietary lease for the unit. Maintenance charges are based upon the number of shares in the corporation allocated to a unit.
Townhouse
Commercial townhouse ownership is "fee simple" ownership of real property. There is no board approval in the purchase or sale of a townhouse. The sale of the property may be conveyed to any party without prior approval by anyone other than the property. Unlike cooperatives and condominiums, townhouses in New York City do not require monthly payments to a building for expenses. Townhouses are measured and sold using real feet. Meaning there is no "loss factor." There are expenses each year for real estate taxes, water and sewer charges, utilities and heat, and maintenance and repair. Tax rates are determined annually by the NYC Council according to class of real property.
Benefits of Owning
• Fixed Costs: Locking in your commercial mortgage long-term can give your business clear, fixed costs.
• Tax Deductions: The associated costs of owning and running a commercial space can provide tax deductions in the form of mortgage interest, property tax deduction and depreciation tax deduction.
• Additional Income: Owning your office can offer the advantage of renting out extra office space, adding another source of income.
• Retirement Savings: The prospect of owning commercial space and having the property appreciate over time, allows the owner to sell at a future date and fund their retirement.
• Accelerated Depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in such a way that the amount of depreciation taken each year is higher during the earlier years of an asset's life.
• Straight-line Depreciation is the depreciation of real property in equal amounts over the allowed life of the property for tax purposes. A certain commercial property can be depreciated using a tax life of 39 years.
• Owners of commercial real estate can reduce their tax bill by depreciating the value of their property over a set period of time (the buildings' "useful life," as defined by the IRS): the IRS depreciates residential rental buildings over 27.5 years and retail and other commercial structures over 39 years.
• Resource Link: Raisal.com How Federal Tax Reform Will Impact Commercial Real Estate
Business Loan Lenders
Bank of America - Small Business Financing Real Estate Loans
Chase - Business Bankning Loans Real Estate Financing
Wells Fargo - Wells Fargo Business Credit Purchase Loan
Savoy Bank - Commercial Real Estate Buiness Loans
Citibank - Citibank Commercial Real Estate Loans Division
Small Business Association (SBA) Loan
The SBA works with lenders to provide loans to small businesses. The agency doesn't lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.
https://www.sba.gov/
