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