Douglas Elliman and developer, 60 Guilders have just brought to market a $35.68M triplex commercial condo at 20 West 33rd Street in Midtown Manhattan.
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 allow investors and end-users the chance 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 Penthouse gives the chance to purchase in the path of the recent merging of NoMad into the Penn District, driven by a $4.5 billion transformational redevelopment plan led by Vornado. The Penthouse unit boasts 5,114 rentable square feet of unutilized outdoor space on a two-level roof deck. The owners will be able to create an incredible tenant amenity with unmatched views of the Empire State Building, Midtown South and Downtown Manhattan.
20 West 33rd Street 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 $35.68M Triplex Commercial Condo 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.