Lauren Mitinas
Serhant LLC
(646) 933-0831
21 Total Sales
4 in Midtown East
$4.4M - $7.1M Price Range
5 E 44th St Unit RETAIL New York, NY 10017
Midtown East Neighborhood
Studio
1
Bath
2,836
Sq Ft
2009
Built
Highlights
- South Facing Home
- 2-minute walk to 5 Avenue-Bryant Park
- 5-minute walk to MMC Plaza
- P.S. 116 Mary Lindley Murray Rated A-
About This Home
As of April 2017The Lulla Team has been retained on an exclusive basis for the sale of a retail-condominium located
at 5 East 44th Street. This is an incredible investment opportunity to own an approximately 2836 sq.
ft. ( 1876 on the first floor and 960 in fully usable basement) retail-condominium with 14' of frontage on a main commercial corridor with tremendous foot
traffic near Grand Central.
The subject property is currently occupied by a medical practice but will be delivered vacant and is
prime for an owner-user to occupy the space or makes a unique investment. The location is between
Madison and Fifth Avenue - neighboring tenants include Brooks Brothers, The Cornell Club of New
York, Allen Edmonds and Coach. This property represents a great opportunity for future ownership to
realize a high yield in an area where retail rents have been steadily on the rise, expected cap rate is
6-7%. It is one block from One Vanderbilt, which will be the city's tallest office tower building with
over $1.6 million square feet.
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $34,000
Year Built
- Built in 2009
HOA Fees
- $2,680 Monthly HOA Fees
Home Design
- 2,836 Sq Ft Home
Laundry
- Dryer
- Washer
Additional Features
- 1 Full Bathroom
- South Facing Home
Community Details
- Midtown East Subdivision
- 20-Story Property
Listing and Financial Details
- Legal Lot and Block 7 / 1279
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 24, 2021
Sold by
24 Mnr Assoc Inc and Kandov
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$574,206
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 21, 2016
Closed on
Feb 28, 2017
Sold by
Ues Dental Pllc
Bought by
24 Mnr Assoc Inc and Kandov
List Price
$4,500,000
Sold Price
$4,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
4.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 2012
Sold by
2792 Ocean Realty Llc
Bought by
Ues Dental Pllc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
3.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 2, 2010
Sold by
44Th Street Partners I Llc
Bought by
2792 Ocean Realty Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Midtown East, NY
-
Lauren Mitinas
-
Vannessa Kaufman
Vannessa Kaufman
Sothebys International Realty
(844) 705-2474
31 Total Sales
2 in Midtown East
$1.4M - $3M Price Range
-
Jessica Cohen
Jessica Cohen
Brown Harris Stevens Residential Sales LLC
(929) 552-9242
58 Total Sales
1 in Midtown East
$6,500,000 Price
-
Doreen Courtright
Doreen Courtright
Douglas Elliman Real Estate
(844) 917-1891
43 Total Sales
1 in Midtown East
$3,500,000 Price
-
Ken Laino
Ken Laino
Manhattan Network Inc
(888) 618-6301
48 Total Sales
2 in Midtown East
$290K - $663K Price Range
-
Maggie Sherman D'Aquila
Maggie Sherman D'Aquila
Compass
(551) 213-6780
49 Total Sales
1 in Midtown East
$999,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | -- | ||
| 24 Mnr Assoc Inc | $4,500,000 | -- | |
| Ues Dental Pllc | $2,600,000 | -- | |
| 2792 Ocean Realty Llc | $2,550,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $650,000 | ||
| Previous Owner | 24 Mnr Assoc Inc | $1,800,000 | |
| Previous Owner | Ues Dental Pllc | $2,550,000 | |
| Previous Owner | Five East 44Th Llc | $1,430,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/12/2017 04/12/17 | Sold | $4,500,000 | 0.0% | $1,587 / Sq Ft |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- |
| 10/21/2016 10/21/16 | For Sale | $4,500,000 | -- | $1,587 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $155,649 | $1,434,816 | $66,816 | $1,368,000 |
| 2025 | $172,283 | $1,551,380 | $66,816 | $1,484,564 |
| 2024 | $172,283 | $1,626,543 | $66,816 | $1,559,727 |
| 2023 | $191,587 | $1,799,613 | $66,816 | $1,732,797 |
| 2022 | $200,366 | $1,863,000 | $66,816 | $1,796,184 |
| 2021 | $189,123 | $1,768,500 | $66,816 | $1,701,684 |
| 2020 | $162,659 | $2,634,750 | $66,816 | $2,567,934 |
| 2019 | $132,660 | $2,615,616 | $66,816 | $2,548,800 |
| 2018 | $77,208 | $2,554,200 | $66,816 | $2,487,384 |
| 2017 | $51,456 | $882,000 | $66,816 | $815,184 |
| 2016 | $35,248 | $838,350 | $66,816 | $771,534 |
| 2015 | $5,003 | $872,550 | $66,816 | $805,734 |
| 2014 | $5,003 | $580,050 | $66,816 | $513,234 |
Source: Public Records
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10010415
APN: 1279-1001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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