RIPCO Real Estate has been selected to handle the sale of investment property 243 West 54th Street in Midtown, Manhattan. The asking price is $20 million and Stephen R. Preuss Sr., and Kevin Louie have the listing. Spanning 15,940 square feet, this four story mixed-use building offers several free market and combined units located within walking distance to Columbus Circle, Central Park, Times Square and the Theater District.
“243 West 54th Street represents a trend towards assets with multifamily components in a prime location,” said Preuss. “The property provides buyers and investors an assumable loan with favorable terms including 3.725% interest rate on a $10 million loan due January 2030 without amortization.” This rare opportunity presents investors an ideal chance for success in one of New York City’s most desirable locations!
