Horvath & Tremblay is pleased to present the exclusive sale of 333 1st Avenue, a seven (7) unit mixed-use investment property located in the Gramercy Park neighborhood of New York, New York (the “Property”). 333 1st Avenue is a four-story building that contains a commercial space on the ground floor and six (6) 1-Bedroom/1-Bathroom residential units in a 5,014 square foot building on a 0.042-acre parcel. The Property is situated in an exceptional urban infill location in the Gramercy Park neighborhood of Manhattan. 333 1st Avenue is positioned between East 19th Street and East 20th Street and is just steps from Stuyvesant Square Park and a short walk from the NYU Langone Medical Center and the bustling Union Square district. The Property enjoys convenient access to the MTA bus line, several subway stations, the FDR Drive, and the city’s crosstown thoroughfares. The Property is 600 feet from East 14th Street and 0.3 miles from 23rd Street, two of the area’s primary commercial corridors, and offers easy access to a range of restaurants, national retailers, medical offices, and neighborhood services. The Property is close to multiple schools, healthcare institutions, and green spaces, and is 0.8-miles from Madison Square Park, 1.1-miles from New York University (NYU), and just a short walk from popular neighborhoods including Kips Bay, East Village, Union Square, and NoMad. 333 1st Avenue presents the rare opportunity to acquire a seven (7) unit mixed-use asset in one of the country’s best performing real estate markets.
THIS IS AN ESTATE SALE – THE PROPERTY HAS BEEN UNDER LONG TERM OWNERSHIP FOR OVER 45 YEARS