Marcus & Millichap is pleased to present the exclusive listing for 124 E 37th Street, Outsite Co-living, located in New York City's Murray Hill Historic District Extension. The building has never been subject to rent regulation.
The property is 4,900 square feet situated on a 19 ft x 49.2 ft lot. Outsite Co-living is subject to a new 10-year absolute triple-net (NNN) lease with around 10 years remaining on the initial term. The current rent is $240,000 annually and the lease calls for 3% annual rental increases throughout the lease term.
Sold
$4,200,000
124 E 37th St, New York, NY 10016
6beds
4,900sqft
MultiFamily
Built in 1910
-- sqft lot
$3,978,700 Zestimate®
$857/sqft
$6,936 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- None
Appliances
- Included: Dishwasher
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 4,900 sqft
Property
Parking
- Parking features: None
Lot
- Size: 938 sqft
Details
- Parcel number: 008920071
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1910
Community & neighborhood
Location
- Region: New York
Other
Other facts
- Balcony
- Laundry: In Unit
- No Fee