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Madison Capital owns and manages the 171,590 square feet Office/Retail asset at 71 Fifth Avenue. The asset is prominently located on the southeast corner of 15th Street and Fifth Avenue in Manhattan’s Flatiron neighborhood. Madison's investment strategy involves improving the asset through value-enhancement initiatives and professionalized management. 🚨LEASING AVAILABILTY: 100% LEASED 🚨 • Light filled space with oversized windows • Multimillion dollar capital improvement plan • Prominent new building entrances and elegant remodeled lobbies • State of art elevators and facade enhancements • New HVAC units • High End tenant roster throughout building ✨ Please reach out to: Mitchell Konsker (212) 812- 5766 Daniel Turkewitz (212) 418-2689 Benjamin Bass (212) 812- 6026

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Richard South, AIA

Registered Architect with 15+ years experience managing a wide variety of projects in AZ, CA, NY, NJ, NC, and FL

2mo

I thoroughly enjoyed working on this project with you guys on the architecture side in ‘18 and ‘19 way back with Michael Gellis. It turned out great. If MadCap ever needs quick architectural services, please don’t hesitate to reach out! I’m always available.

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Chas Patterson

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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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Chas Patterson

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9mo
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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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Chas Patterson

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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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Chas Patterson

EVP, Commercial - Fraser Elliott Commercial
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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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Fraser Elliott Commercial

417 followers
7mo
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2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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Chas Patterson

EVP, Commercial - Fraser Elliott Commercial
6mo
Report this post
2513 - 2521 W 1st St, Santa Ana, CA Strategically located industrial-commercial development property in the heart of Santa Ana. 30,055 square feet lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana’s “West Santa Ana Blvd Specific Plan,” which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Price $3,300,000 Contact Chas Patterson for details 949.877.8827 or sales@thefirmrealestate.com
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