343 east 21st street new york, ny 10010 - Agorafy
343 EAST 21ST STREET NEW YORK, NY 10010 MIXED USE BUILDING
FOR SALE BUILDING FEATURES Location: Block / Lot: Lot Dimensions: Lot Size: Building Dimensions: Stories: Gross Square Footage: Commercial Units: Residential Units: Zoning : FAR : Available Air Rights: Assessment (15/16) : Taxes (15/16):
Located on the north side of East 21st Street between First and Second Avenues. 927 / 124 26.5’ x 24.75’ (approx.) 656 SF (approx.) 26.5’ x 24.75’ (approx.) 4 plus basement 2,628 2 3 C1-6A (R7A Equivalent) 2.0 Comm. / 4.0 Res. None $252,105 $32,408
PROPERTY DESCRIPTION
TAX MAP 927/124
First Avenue
Second Avenue
East 22nd Street
East 21nd Street ASKING PRICE
$4,500,000
A 26.5’ wide, 4-story plus basement, approximately 2,628 SF mixed use building. The building consists of three floorthrough three-bedroom apartments and two stores. The apartment leases are all expiring within a year while the cleaners lease expires in October 2022 and the barbershop lease expires in June 2021. Located just 50’ off the corner from First Avenue on the north side of 21st Street the property offers a highly desirable unique quietness for the apartments while maintaining the visibility for the neighborhood retailers on the ground floor to prosper. Nestled near the friendly confines of Gramercy Park on this beautiful tree-lined block you will not find a cleaner or more beautifully renovated building. With only three residential units and tenants who pay for their own utilities this building offers an investor a management un-intensive delight. T h e p ro p e r t y i s b e i n g o f fe re d fo r j u s t a b ove a 4 . 0 % c ap r a t e w i t h t h e u p s i d e p o t e n t i a l t o i n c re a s e t o 5 . 0 % i n t h e f i r s t ye a r o f ow n e r s h i p g i ve n t h e b e l ow m a r ke t re s i d e n t a i l re n t s . Operating expenses including real estate taxes are only about $3,000 per month. This building is the perfect cash flowing investment or ideal for an end-user as a live/invest.
FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Craig M.Waggner
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Director Capital Markets (212) 660 7744 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
FOR SALE BUILDING FEATURES Location: Block / Lot: Lot Dimensions: Lot Size: Building Dimensions: Stories: Gross Square Footage: Commercial Units: Residential Units: Zoning : FAR : Available Air Rights: Assessment (15/16) : Taxes (15/16):
Located on the north side of East 21st Street between First and Second Avenues. 927 / 124 26.5’ x 24.75’ (approx.) 656 SF (approx.) 26.5’ x 24.75’ (approx.) 4 plus basement 2,628 2 3 C1-6A (R7A Equivalent) 2.0 Comm. / 4.0 Res. None $252,105 $32,408
PROPERTY DESCRIPTION
TAX MAP 927/124
First Avenue
Second Avenue
East 22nd Street
East 21nd Street ASKING PRICE
$4,500,000
A 26.5’ wide, 4-story plus basement, approximately 2,628 SF mixed use building. The building consists of three floorthrough three-bedroom apartments and two stores. The apartment leases are all expiring within a year while the cleaners lease expires in October 2022 and the barbershop lease expires in June 2021. Located just 50’ off the corner from First Avenue on the north side of 21st Street the property offers a highly desirable unique quietness for the apartments while maintaining the visibility for the neighborhood retailers on the ground floor to prosper. Nestled near the friendly confines of Gramercy Park on this beautiful tree-lined block you will not find a cleaner or more beautifully renovated building. With only three residential units and tenants who pay for their own utilities this building offers an investor a management un-intensive delight. T h e p ro p e r t y i s b e i n g o f fe re d fo r j u s t a b ove a 4 . 0 % c ap r a t e w i t h t h e u p s i d e p o t e n t i a l t o i n c re a s e t o 5 . 0 % i n t h e f i r s t ye a r o f ow n e r s h i p g i ve n t h e b e l ow m a r ke t re s i d e n t a i l re n t s . Operating expenses including real estate taxes are only about $3,000 per month. This building is the perfect cash flowing investment or ideal for an end-user as a live/invest.
FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Craig M.Waggner
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Director Capital Markets (212) 660 7744 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
