216 3rd Avenue
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
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