212-230-5996
340 E 23rd St
New York, NY 10010
Gramercy Park
HIGHLIGHTS
- Unit 207 at Gramercy Park offers a NN retail condo investment that is fully occupied by CVS, an industry-leading pharmacy retailer.
- Delivers stable rental income with minimal landlord responsibilities, ensuring a consistent and high-yield acquisition for investors.
- Long-term lease agreement with CVS running through 2033, with four five-year extension options and 10% planned escalations every five years.
- Situated on the ground floor of a 207-unit luxury condominium community, providing a dependable, built-in audience of affluent customers.
- High-exposure location with prime visibility to over 16,000 daily vehicles and robust foot traffic on the 23rd Street commercial corridor.
- Near major medical institutions such as NYC Langone Medical Center, Bellevue Hospital, and the VA Medical Center, driving consistent retail demand.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
High-Yield Retail Condo | STNL CVS Pharmacy
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
21
YEAR BUILT
2007
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
16,819 SF
ZONING
C1-9A R8B
APN/PARCEL ID
0928-1204,0928-1206,0928-1216,0928-1221,0928-1223,0928-1228,0928-1258,0928-1271,0928-1272,0928-1274,0928-1287,0928-1289,0928-1300,0928-1310,0928-1317,0928-1332,0928-1344,0928-1349,0928-1350,0928-1353,0928-1354,0928-1355,0928-1360,0928-1365,0928-1370,0928-1376,0928-1378,0928-1382,0928-1391,0928-1393,0928-1400,0928-1401
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212-230-5996
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