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33491700
33491701

216 3rd Avenue, New York, NY 10003

AA
NY 10491204683
$5,250,000
3 days on market
Updated 3 days ago

216 3rd Avenue

Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Restaurant
Square Footage 4,320
Cap Rate 5.72%
NOI $300,300
Occupancy 100%
Tenancy Multi
Price per SqFt $1,215
Year Built 1900
Zoning C1-9A - C1-9A Commercial Overlay
Ground Lease No
Sale Condition For sale by owner

MIXED USE WITH AIR RIGHTS AT GRAMCERY PARK AVAILABLE FOR SALE

Marketing 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.

Investment highlights

FULLY LEASED. FREE MARKET FOUR TWO BEDROOM / 1 BATH APARTMENTS AND A RETAIL SPACE WITH BASEMENT. SELLING AT A CAP OF 5.72%. ESTABLISHED TENANTS AND LEASES

Listing Contacts

AA
NY 10491204683

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$300,300.00
$25,025.00/mo

Valuation Metrics

0
DSCR
5.72%
Cap Rate
5.72%
ROI

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Additional Information

Name
ARIE ABADI
License
10491204683
Brokerage
AA MANAGEMENT NYC LLC
Brokerage Phone
3057337220
Title
REAL ESTATE BROKER
Brokerage Address
611 Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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