2019 Gut Renovation

The Property is a five-story mixed-use building featuring two residential units above a ground-floor bi-level commercial space. In 2019, the building underwent a complete gut renovation and was rebuilt with high-end finishes and materials throughout. All major systems, including mechanical, electrical, and plumbing, were replaced and are in “like-new” condition.

Mixed-Use

State-of-the-art mixed-use asset with a bi-level restaurant space and two luxury free-market residential apartments that include spacious layouts, ample light, and outdoor space. This property provides investors with a free-market asset and diversified income.

Turn-Key Restaurant Opportunity

Rare turn-key opportunity with a fully built kitchen ideal for restaurant operations and/or other tenant use. The bi-level restaurant space can be used as two separate units as the space features two separate entrances at both the ground level and second level. In

addition, the second floor has outdoor seating in the rear.

Location

244 East 53rd Street occupies a premier Midtown East location, ideally positioned

between Central Park, Rockefeller Center, and the United Nations. The property benefits from strong, consistent foot traffic driven by nearby office towers, luxury hotels such as The Plaza, and the upscale retail corridor along Fifth Avenue. The immediate area offers

a dynamic mix of fine dining, cafés, and international retailers, creating a vibrant, amenity-rich environment that appeals to both residents and visitors.