Completely renovated six story townhouse building with an elevator and modern upscale finishes on a prime block in the Upper East Side, landmarked by Bloomingdale’s between Park and Lexington Avenues. The building is 100% leased to a unique mental health facility and one of very few private upscale addiction treatment centers in New York City.

The tenant has 16 years remaining on 20-year lease currently paying $49,000 a month with 3% increases per year over the life of the lease.​ The operator improved the property with an infusion of $2 million in renovations upon signing the lease.​ Tenant pays all utilities, insurance, and property taxes over the base year amount.​ The treatment center has a successful four- year operating history with the location.​

The immediate neighborhood from East 58 to East 61 has become a very sought-after medical community with several all-medical buildings as well as leased space by local area hospitals.​ This neighborhood is wedged between Midtown East with many high-rise expensive rental buildings and the Upper East Side.​ 57th St.​ is the crosstown artery from east and west and the subway on the corner brings patients in from the outer boroughs.​

We strongly encourage you to consider this asset very seriously in your review of investment properties in Manhattan.​ Please visit Zetabid.​com and our due diligence vault to review financials, leases, and other important documents.​