12 West 48th Street, New York, NY 10036

Midtown East, Midtown West, New York, New York 10036

Call For Pricing

Listing ID Number

25689

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 12 West 48th Street, a brand-new construction 4-story mixed-use office and retail glass jewel box building, inclusive of a private rooftop as well as a lower level retail space. 12 West 48th Street is located in Midtown Manhattan just west of Fifth Avenue and across the street from Rockefeller Center at the southern end of Rockefeller Plaza. The property features approximately 30,845 Gross Square Feet and 75 feet of frontage along the south side of West 48th Street between Fifth Avenue and Rockefeller Plaza.

The acquisition of 12 West 48th Street represents a unique opportunity for investors and users alike, offering a highly efficient brand-new construction building with the potential for strong cash flow, the branding opportunity to create a retail flagship at the southern end of Rockefeller Plaza, a premier corporate headquarters or a distinguished government embassy, diplomatic mission or consulate.

INVESTMENT HIGHLIGHTS
• Brand New Construction
• Glass Jewel Box Design
• Articulated Facade designed to capture sight lines to Fifth Avenue and Rockefeller Plaza Rockefeller Plaza and Fifth Avenue Visibility
• 75 Feet of Frontage along 48th Street
• Private 2nd Floor, 4th Floor and Rooftop Terrace
• Excellent 15’+ Ceiling Heights on all floors and over 18’ on the ground floor
• Floor-to-ceiling expansive windows
• Over 20 million SF of office space within 3 blocks
• 150 Feet west of Fifth Avenue, the highest-priced retail corridor in the world
• More than 400K people visit Rockefeller Center daily (Over 800K during the holiday season)
• Perfect for family office, foundation, gallery, government embassy, diplomatic mission or consulate
• Extremely flexible for end user to configure building as single-use retail or mixed-use office above retail
• Building has been future-proofed to include the option to add a second elevator in the future should a buyer decide to reconfigure the building

Overview

Building Type:Commercial Buildings, Commercial Condo/Co-op, Development/Conversion Sites, Mixed-Use Investment Buildings, Mixed-Use User Buildings, Special Use
Location:South side of West 48th Street between Fifth and Sixth Avenues
Block/Lot:1263/45
Lot Dimensions:75' x 100.42'
(approx.)
Lot Sq Ft:7,532
(approx.)
Stories:4 plus basement
Zoning:C6-4.5
Building Sq Ft:30,845
(approx.)
Building Dimensions:75' x 96, 76, 76, 63
(approx.)

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

John F. Ciraulo
Vice Chairman
(212) 660 7700
john.ciraulo@cushwake.com

Craig Waggner
Senior Director
(212) 660 7744
craig.waggner@cushwake.com

William Conrad
Director
(212) 660 7740
William.Conrad@cushwake.com

Jonathan Garfinkel
Associate
(212) 660-7713
jonathan.garfinkel@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.