Premises:  
Unit 601: 5,549 RSF
Unit 602/603: 4,200 RSF
Entire 6th Floor: 9,749 RSF

Price:
$10,900,000 ($1,118/RSF)

Estimated Annual Common Charges:
$5.29/RSF

Estimated Annual Real Estate Taxes:
$13.22/RSF

Rental Income:
Unit 601: Delivered vacant
Unit 602/603: Leased through 4/30/25
Annual Base Rent: $187,143 ($44.68/RSF)
Utilities: $14,180 ($3.38/RSF)
Escalations: 3% annual escalations. Tenant pays increases in RE Taxes above a 2015/16 base year.

Rudder Property Group is pleased to offer a user and investment office condominium for sale at 425 Fifth Avenue, New York, NY (Northeast corner of East 38th Street)

Building Features:
  • Premier Fifth Avenue address
  • Class A office portion of a luxury residential tower
  • Built in 2003 by RFR Holdings and renowned architect Michael Graves
  • Dedicated lobby and elevator for the four office floors
  • Rare opportunity to occupy half of the floor and earn rental income on the remainder
  • The tenant is a creditworthy, renowned medical facility with offices in six states

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    For more information please visit
    www.rudderpg.com/425-Fifth-Avenue
    or contact:    		 Michael Rudder
    Office: (212) 966-3611
    Mobile: (646) 483-2203
    mrudder@rudderpg.com    		 Michael Heller
    Office: (212) 966-3622
    Mobile: (917) 439-2198
    mheller@rudderpg.com
    The complete terms are in an offering plan available from the sponsor. All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale, and to any listing conditions, including the prices. Any square footage dimensions set forth are estimates based on approximate rentable measurements.
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