16 E 18th St - Apartments FOR SALE


New York, NY 10003- Flatiron District
$17,000,000 USD
201-874-5017
16 E 18th St, New York, NY for Sale
$17,000,000 USD
Apartments - FOR SALE
1/12
null | 5.9% Cap Rate

16 E 18th St
New York, NY 10003
Flatiron District


HIGHLIGHTS

  • Prime Flatiron Location & Superior Transit Access
  • Light value add mixed-use asset & Long-term retail stability
  • Luxury residential appeal
  • Tax Class 2B protection
  • Recent capital improvements
  • Future value creation

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 16 East 18th Street (the “Property”), a prime 10-story mixed-use asset situated between Broadway and Fifth Avenue in the highly desirable Flatiron submarket. Comprised of 20,258 SF across one ground floor retail unit and eight full-floor residential units above, the light value-add property is 100% free market. The retail portion is fully occupied by Paragon Sports under a long-term lease through 2194, providing stable, predictable income at a flat rent structure. The residential units feature luxury loft-style finishes, including keyed elevators opening directly into each home, soaring ceiling heights, excellent light and air, exposed brick, open chef’s kitchens with granite countertops, and in-unit washer/dryers.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$839 USD /SF

# OF UNITS

9

PRICE/UNIT

$1,888,889

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

M1-5M

APN/PARCEL ID

0846-0065

ASK ABOUT THIS PROPERTY

Eric KarmitzAvison YoungMore Info
201-874-5017

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Eric KarmitzAvison YoungMore Info
201-874-5017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.