Rare opportunity to acquire a fully leased mixed use investment property in the heart of Manhattan's highly desirable Gramercy neighborhood.


Property

Website:https://www.nestseekers.com/5553369
Address:
216 Third Avenue
New York, NY 10003
Cross street:East 18th Street
Type:Low-rise
Era:Post-war
Floors:3
Ownership: Mixed Use
Bedrooms: Studio
Bathrooms: 5

Financials

Price:$5,250,000
Real estate tax:$68,544

Description

Rare opportunity to acquire a fully leased mixed-use investment property in the heart of Manhattan's highly desirable Gramercy neighborhood. Located on Third Avenue between East 17th and East 18th Streets, the property consists of approximately 4,320 square feet across three stories and is 100% occupied with established tenants. The building also benefits from valuable development potential through unused air rights, offering investors both stable in-place income and long-term upside. Surrounded by national retailers, restaurants, residential developments, and major transportation hubs, this asset presents a unique opportunity in one of New York City's most sought-after submarkets.

Amenities

  • Air Conditioning
  • Voice Intercom
  • Walk-up

Contact

594 Broadway, New York, NY 10012, USA
Listing Courtesy of AA Management

216 Third Avenue New York NY 10003 USA