340 E 23rd St - Apartments CONDO FOR SALE


New York, NY 10010- Gramercy Park
$24,000,000 USD
917-362-1485
340 E 23rd St, New York, NY for Sale
$24,000,000 USD
Apartments CONDO - FOR SALE
1/5
null | 6.52% Cap Rate

NEW


340 E 23rd St
New York, NY 10010
Gramercy Park


HIGHLIGHTS

  • 100% Lease to CVS Pharmacy
  • At the base of a luxury condominium
  • In the heart of Gramercy Park
  • Proximity to 6/L/N/Q/R/W

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale a premier retail condominium located at 340 East 23rd Street on the south side of East 23rd Street between First and Second Avenues in the heart of Gramercy Park, one of Manhattan’s most historic and desirable neighborhoods. Positioned at the base of a luxury residential condominium developed in 2007, the property benefits from strong visibility with consistent foot and automobile traffic along a key east-west thoroughfare. The retail condominium features 9,250 SF on the ground floor and 4,000 SF in the lower level, totaling 13,250 SF. The condominium is 100% leased to CVS Pharmacy, a leading national drugstore chain, under a long-term NN lease structure. The tenant is responsible for all expenses except for the condominium common area maintenance (CAM) fees, ensuring minimal landlord obligations.

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/SF

$1,811 USD /SF

CAP RATE

6.52%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gramercy by Starck

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

191,225 SF

STORIES

21

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,819 SF

ZONING

C1-9A R8B

APN/PARCEL ID

0928-1204,0928-1206,0928-1221,0928-1228,0928-1258,0928-1271,0928-1272,0928-1274,0928-1287,0928-1300,0928-1310,0928-1317,0928-1344,0928-1349,0928-1350,0928-1353,0928-1355,0928-1360,0928-1365,0928-1370,0928-1376,0928-1378,0928-1382,0928-1393,0928-1401

ASK ABOUT THIS PROPERTY

James NelsonAvison YoungMore Info
917-362-1485

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James NelsonAvison YoungMore Info
917-362-1485

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