212-230-5998
301 3rd Ave, New York, NY for Sale
Apartments CONDO - FOR SALE
1/4
null | Request Cap Rate

301 3rd Ave
New York, NY 10010
Gramercy Park


HIGHLIGHTS

  • The condominium is fully leased under a new 10-year lease.
  • Approximately 135 feet of wraparound frontage enhances visibility.
  • Immediate income is generated through long-term tenant occupancy.
  • Corner positioning provides exceptional street exposure.
  • The property benefits from strong Manhattan market fundamentals.
  • Dense surrounding demographics support long-term retail demand.

OVERVIEW

Retail condominium investment opportunity totaling approximately 3,096 rentable square feet and fully leased to CorePower Yoga under a newly executed 10-year lease. The unit features approximately 135 feet of wraparound frontage and benefits from highly visible positioning within a prominent Manhattan corridor. With long-term tenancy already in place, investors receive immediate income while minimizing near-term rollover and leasing risk. The property's visibility, expansive frontage, and established tenant occupancy create a compelling combination of stability and market presence. The surrounding neighborhood supports a diverse customer base driven by residential density, employment centers, and daily pedestrian traffic. The long lease term provides predictable cash flow and enhances the asset's long-term investment profile. This offering presents an opportunity to acquire a leased Manhattan retail condominium with durable income characteristics and strong underlying real estate fundamentals.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Willow

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

111,000 SF

STORIES

19

BUILDING CLASS

A

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C2-8A

APN/PARCEL ID

0904-0001

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

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