3 E 52nd Street, New York, NY, 10022 | $15,000,000

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

Features

  • Property Type: Retail
  • Current Use: Food Service
  • Levels: 3
  • Units: 1
  • Zoning: C5-3C5-2.5
  • Year Built: 1920
  • Acreage: 0.06
  • Est. Taxes: $135,556
  • MLS#: 3539269
  • Days on Market: 94 days
  • Website: https://www.raveis.com
    /prop/3539269/3e52ndstreet_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Exit Realty Premier   Phone: 516-795-1000

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

3 E 52nd Street, New York, NY, 10022

$15,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $12,000,000 $12,000,000 $12,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 6.977% 6.664%
Monthly Tax Payment $11,296 $11,296 $11,296
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $72,913 $78,831 $104,533
Total Monthly Payment $84,334 $90,252 $115,954

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.