Our Favorite Listing: Triplex Commercial Condo in Midtown South
Our favorite listing this week is a $35.68M triplex commercial condo at 20 West 33rd Street in Midtown Manhattan. The Penthouse unit features access to 5,114 rentable square feet of unutilized outdoor space on a two-level roof deck. This gives the owners the option to create an incredible tenant amenity with unmatched views of the Empire State Building, Midtown South and Downtown Manhattan.
Located just steps off Fifth Avenue, the three uppermost floors at 20 West 33rd Street represent a potential triplex penthouse opportunity with extensive outdoor space on a two-level roof deck, located on 33rd Street between Fifth Avenue and Broadway in the heart of Midtown. These first-class office condominiums offer investors and end-users the opportunity to purchase nearly 34,000 square feet of prime office space with a potential four years of committed cash flow in addition to over 5,000 SF of usable outdoor space.
The building was built in 1912 and renovated in 2016. The floors last changed ownership in 2015; Q4, a garment company, has a lease in place until 2024. Other businesses in the building include the Glocap Search, National Postal Mail Handlers Union, DK Cosmetics and Xincon Home Health Care Services. The property is being listed by Kelly Killoren Bensimon of the Holly Parker Team at Douglas Elliman, Marc Roman of Douglas Elliman Commercial and Trystan Polsinelli of 60 Guilders.
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