216 Third Ave - Storefront Retail/Residential FOR SALE


New York, NY 10003- Gramercy Park
$5,250,000 USD
305-807-5223
216 Third Ave, New York, NY for Sale
$5,250,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 5.72% Cap Rate

216 Third Ave
New York, NY 10003
Gramercy Park


HIGHLIGHTS

  • Fully leased mixed-use investment property
  • Prime Third Avenue frontage in Gramercy
  • Valuable unused air rights for future development
  • Strong retail corridor with heavy pedestrian traffic
  • 100% occupied with established tenants
  • Long-term value-add and redevelopment potential

OVERVIEW

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. FOR ANY INQUIRIES - PLEASE CALL ARIE

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$1,215 USD /SF

CAP RATE

5.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gramercy Mixed Used w/ Air Rights

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

C1-9A

APN/PARCEL ID

0874-0042

ASK ABOUT THIS PROPERTY

Asher AbadiOneCore RealtyMore Info
305-807-5223

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Asher AbadiOneCore RealtyMore Info
305-807-5223

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