RIPCO Real Estate has been selected to handle the sale of an investment sales property located at 224 East 48th Street in Midtown East, Manhattan. The asking price is $15 million and Stephen R. Preuss and Kevin Louie have the listing. Spanning 15,042 square feet, this six-story elevatored apartment building offers over 80% free-market units with potential for conversion into condominiums, corporate housing or furnished housing due to its location near United Nations Headquarters.
Preuss commented on the opportunity presented by 224 East 48th Street: “The large amount of free-market units offers prospective owners with flexibility to convert the asset into alternative uses such as condominiums, corporate mission or furnished housing.”
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