• buy
  • rent
  • sell
  • agents
new developmentWORLD OF ELLIMAN
The latest in luxury property, lifestyle & culture, curated just for you.

company

  • about us
  • leadership
  • offices
  • press & news
  • elliman cares
  • join as an agent
  • careers
  • INTERNATIONAL PARTNERSHIP
  • THE ISLES GROUP
  • investors

resources

  • WORLD OF ELLIMAN
  • elliman insider
  • magazines
  • market reports
  • research reports
  • The wealth report
  • Elliman Exclusives
  • Featured Cities
  • guides to buying & selling

brand portfolio

  • new development
  • commercial
  • relocation
  • property management
  • sports & entertainment
  • farm & ranch
  • building broker specialists
  • title services
  • master trust & probate

  • California
  • Colorado
  • Connecticut
  • Florida
  • Massachusetts
  • Mid-Atlantic
  • Nevada
  • New Jersey
  • New York
  • New York City
  • Texas
  • Vermont
  • SITE MAP
  • TERMS
  • PRIVACY
  • COOKIE PREFERENCES
  • DO NOT SELL OR SHARE MY PERSONAL INFORMATION
  • NYS Housing Discrimination Disclosure Notice & Form
  • NYS Standard Operating Procedure
  • NYS Tenants' Rights to Reasonable Accommodations for persons with disabilities
  • California Consumer Privacy Act Notice
  • Texas Consumer Protection Notice
  • Texas Real Estate Commission Information About Brokerage Services
  • text of new york city human rights law
  • new york city commission on human rights
  • nyc source of income discrimination information
  • nyc source of income discrimination tenant faqs

THE SOURCE OF THE DISPLAYED DATA IS EITHER THE PROPERTY OWNER OR PUBLIC RECORD PROVIDED BY NON-GOVERNMENTAL THIRD PARTIES. IT IS BELIEVED TO BE RELIABLE BUT NOT GUARANTEED. FOR COLORADO VIEWERS, INFORMATION ABOUT NON-COMMERCIAL PROPERTIES IS PROVIDED EXCLUSIVELY FOR YOUR PERSONAL, NON-COMMERCIAL USE.

575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 23 2025 AT 12:01 PM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

POWERED BY PURLIN.AI

344 E. 59th St

new york, NY 10022

$7,195,000

  • 6 BA
    APPROX. 9,725 SF
  • logodouglas elliman exclusive

GET IN TOUCH WITH OUR AGENTS

Douglas Elliman Commercial has been exclusively retained by ownership to market for sale 344 E 59th Street, New York, NY 10022.

344 E 59th Street, famously the Ford Modeling Agency office building, is an opportunity to acquire a six unit retail mixed-use building located in Manhattan’s coveted neighborhood: Sutton Place. The property's location offers access to a diverse and high-end shopping demographic that actively benefits from a strong local economy.

There currently exists APPROX. 10,000 As-Built Sq. Ft. with 5,213 Sq. Ft. of additional air rights (R-8, R-10, C2-5 zoning).
There are a total of 5 floors consisting of 6 commercial units (5 offices + 1 retail).

Projected gross rent is $628,000. Current annual expenses are $184,600. Projected Net Operating Income is $443,400. Development potential offers 15,213 zoning SF to build residential.
 
Neighborhood landmarks and tenancy including, Sutton Place Park, serves as a community anchor, while Whole Foods, Bloomingdales, Home Depot and many more provide strong retail traffic and demand drivers. Located near the Lexington Ave / 59th Street subway station, which provides access across the city through the 4,5,6, N, R and W lines.

Investor or Owner/User, the property can offer immediate cash flow with free market tenants or can be delivered vacant.

Please contact broker to discuss details.

available on

1/30/2024

Details

9,725 Sq Ft

Single Family Townhouse

MLS/Listing ID de15176

Interested in 344 E. 59th St?