718-663-2643
300 E 23rd St
New York, NY 10010
Gramercy Park
HIGHLIGHTS
- Take advantage of this institutionally owned, Gramercy Park retail condo located on the ground floor of a multifamily building.
- Occupied by one of the nation’s largest financial institutions, carrying an A1 investment-grade credit rating from Moody's, providing stable income.
- 15-year primary term with (3) 5-year renewal options, extending potential tenancy to 30 years, allowing for significant income growth.
- Bank of America operates under a modified gross lease structure with built-in reimbursements for increases in RE taxes and operating expenses.
- Nestled in the vibrant Gramercy Park, one of Manhattan’s most historic and architecturally significant neighborhoods.
- Unoccupied lower level offers investors the opportunity to secure an additional tenant and generate supplemental income, driving future NOI growth.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Ground Floor Retail Condo | Gramercy Park
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
19
YEAR BUILT
2010
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
C1-9A
APN/PARCEL ID
0928-1501,0928-1505,0928-1541,0928-1544,0928-1548,0928-1556,0928-1566,0928-1581,0928-1593,0928-1595,0928-1598
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718-663-2643
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718-663-2643
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