224 East 12th Street, New York, NY 10003

Keller Williams NYC has been exclusively retained in the representation of this property.

A turnkey buildout and building unlike almost any other in New York City, welcome to 224 E.12th Street: a 6-story, 70ft deep property spanning approx. 9,500sqft, centrally located near Union Square in Manhattan.

Currently owned and operated by a non-profit for international youth education programs. This turnkey property includes multi-million dollar extensive rehab features, such as full ADA compliance, a commercial grade elevator throughout, and a lower level excavation through the previously existing cellar, which now provides a below-grade congregation space that spans the length of the building, includes entirely new mechanicals, a commercial-grade kitchen area, and a remarkably rare, large additional outdoor space with enough room for multiple areas of seating for entertaining.

With legal usage as a non-profit institution with sleeping accommodations (NPISA), surrounded by multiple subway and bus lines, major retailers and everything else that gives the Union Square area its convenience and vibrancy, this is an ideal acquisition for a like-usage. This property will be delivered vacant, affording the ability to begin operating immediately.

This property also has the ability to be transformed, through rezoning and a modification of its designated use, as an exceptionally grand and re-imagined trophy single-family residence.

CURRENT BUILDING CONFIGURATION:

• LOWER LEVEL: Communal area accessible via elevator, small commercial kitchen, multiple storage areas, a bathroom, a bar area and large outdoor space
• GROUND FLOOR: Disability accessible entry into a communal area with a lobby entryway, large area for seating, a bathroom, elevator and staircase access, outdoor deck space.
• 2ND FLOOR: Large communal space that spans the length of the building, bathroom, elevator and staircase access.
• 3RD FLOOR: 1 of 2 floors for co-ed, dormitory-style sleeping quarters on both ends of the building, with a communal bathroom area that includes multiple bathroom stalls and shower stalls, elevator and staircase access.
• 4TH FLOOR: 2 "Class A" units, including a 2 bedroom, 1.5 bathroom unit with a large kitchen, and a studio unit set up hotel-style, elevator and staircase access.
• 5TH FLOOR: A continuation of additional co-ed, dormitory-style sleeping quarters on both ends of the building, with a communal bathroom area that includes multiple bathroom stalls and shower stalls, elevator and staircase access.
• ROOF: A paved, finished rooftop with elevator access.

BUILDING HIGHLIGHTS:

BLOCK & LOT: 467-21

NEIGHBORHOOD: East Village

CROSS STREETS: 2nd & 3rd Avenues

LOT DIMENSIONS: 23.33 x 106.5 ft

BUILDING DIMENSIONS: 23 x 70 ft

APPROX. TOTAL SF: 9,500

MAX BUILDABLE SF: 9,940

ZONING: R8B

TAX CLASS: 2B (currently tax-exempt)

ASKING PRICE PER SQUARE FOOT: $1421

Contact exclusive listing agent Tiffany Jack of Keller Williams NYC for inquiries.

[email protected] // 917-378-3522