218 Third Avenue

Gramercy, New York | Mixed-Use For Sale

$7,500,000

Perfect for investor or user. Ground floor retail configured as restaurant with ventilation. FAR of 10.0 with only 2.44 used (air rights intact). NOI of $150,000.

Redevelopment upside. Includes one two-bedroom and one one-bedroom apartments.

The lease on the retail space expires on 5/31/2017.

Mere blocks from Gramercy Park and Union Square, great access to transit (M101, 102, 103 lines, Union Square subways)

  • Location :Gramercy Park
  • Block/Lot :00874/0042
  • Lot Dimensions :18 ft x 60 ft
  • Lot/Bldg SF :1,080/2,988
  • Year Built :1901 (estimated)
  • Zoning :C1-9A
  • Taxes :$26,529
  • Rent Roll : $17,867/mo

    Store: $ 11,417
    2 Fl $3,800
    3 Fl $2,650