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.