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Mixed-Use

333 1st Ave.

333 1st Ave., New York, NY 10003

Listing Price: $4,600,000

Cap Rate
2.08%
Number of Units
7
Occupancy
100.0%
Price/Unit
$657,143
Price/Gross SF
$917.43
Gross SF
5,014

Investment Overview

Marcus & Millichap is pleased to offer 333 1st Avenue, located between East 19th Street & East 20th Street in the Gramercy Park section of Manhattan, New York. 333 1st Avenue is a 4 story mixed-use building that consists of 1 retail unit and 6 residential units. The property is built 22 ft x 46 ft on the first floor through fourth floors and sits on a 23 ft x 80 ft lot with approximately 5,014 gross square feet. The property is zoned C1-6A allowing for approximately 2,346 gross SF of available air rights (Block: 925, Lot: 36) This property offers investors the rare opportunity to purchase a mixed-use building with low average rents in the Gramercy Park section of Manhattan, New York.

Investment Highlights

  • Prime Gramercy Park Mixed Use Building
  • Long Term Ownership - 49 Years
  • Low Average Rents

Exclusively Listed By

Mixed-Use

333 1st Ave.

Listing Price: $4,600,000

Cap Rate
2.08%
Number of Units
7
Occupancy
100.0%
Price/Unit
$657,143
Price/Gross SF
$917.43
Gross SF
5,014

Investment Highlights

  • Prime Gramercy Park Mixed Use Building
  • Long Term Ownership - 49 Years
  • Low Average Rents

Investment Overview

Marcus & Millichap is pleased to offer 333 1st Avenue, located between East 19th Street & East 20th Street in the Gramercy Park section of Manhattan, New York. 333 1st Avenue is a 4 story mixed-use building that consists of 1 retail unit and 6 residential units. The property is built 22 ft x 46 ft on the first floor through fourth floors and sits on a 23 ft x 80 ft lot with approximately 5,014 gross square feet. The property is zoned C1-6A allowing for approximately 2,346 gross SF of available air rights (Block: 925, Lot: 36) This property offers investors the rare opportunity to purchase a mixed-use building with low average rents in the Gramercy Park section of Manhattan, New York.

Exclusively Listed By

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