343 E 21st St - Apartments FOR SALE


New York, NY 10010- Gramercy Park
$4,500,000 USD
212-841-7500
343 E 21st St, New York, NY for Sale
$4,500,000 USD
Apartments - FOR SALE
1/3
null | 4.33% Cap Rate

343 E 21st St
New York, NY 10010
Gramercy Park


HIGHLIGHTS

  • Prime Gramercy Location
  • Excellent Condition
  • Low maintenance, minimal expenses

OVERVIEW

Cushman & Wakefield is pleased to present 343 East 21st Street, a 26.5’ wide, 4-story, 5 unit, mixed-use building. Meticulously maintained and operated by a long-time family ownership, the property is located in the Gramercy Park neighborhood on a beautiful tree-lined street. The building consists of 3 free market floor-through 3-bedroom apartments and two stores. All 3 apartments are on yearly leases while the uBreakiFix electronics repair store has a new 7-year lease and the barbershop who has been there for a very long time is month-to-month. Just 50’ off the corner from First Avenue the property provides visibility for neighborhood retailers while maintaining a highly desirable quietness the residents enjoy. The building offers investors a low maintenance investment plus the benefit of all the utilities being paid for by the tenants. All the operating expenses including taxes are only about $4,000 per month. This building is the perfect cash flowing investment that also caters to an end-user, use as a pied-à-terre or as a live/invest.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,712 USD /SF

# OF UNITS

5

PRICE/UNIT

$900,000

CAP RATE

4.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

C1-6A, R7A

APN/PARCEL ID

0927-0124

ASK ABOUT THIS PROPERTY

Craig WaggnerCushman & WakefieldMore Info
212-841-7500

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Craig WaggnerCushman & WakefieldMore Info
212-841-7500

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