157-161 East 22nd Street 157-161 E 22nd St
6,000 SF 100% Leased Retail Building New York, NY 10010 $8,995,000 ($1,499/SF)
INVESTMENT HIGHLIGHTS
- Prime Gramercy Park Location
- Condo-Quality Finishes
- Steps Away from Gramercy Park and Madison Square Park
- 100% Free Market
- Tax Class 2A
- Proximity to Transportation: 4, 5, 6, L, N, Q, R, W
EXECUTIVE SUMMARY
Avison Young has been engaged by ownership as the exclusive agent to sell 157-161 East 22nd Street (the “Property”), a mixed-use walk-up building featuring 100 feet of wraparound frontage on the northwest corner of 3rd Avenue and East 22nd Street, in the heart of Manhattan’s Gramercy Park neighborhood. The four-story building comprises seven (7)free-market residential apartments and one (1) ground-floor retail space across approximately 6,000 square feet. 157-161 East 22nd Street represents a rare opportunity to acquire an entirely free-market, mixed-use luxury rental property with condo-level finishes in one of Manhattan’s most established residential neighborhoods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built/Renovated
1910/2024
Price
$8,995,000
Price Per SF
$1,499
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.20
Lot Size
0.04 AC
Zoning
C2-8A - Commercial district predominantly residential in character
Frontage
23 FT on 3rd Avenue
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Air Conditioning
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
Parcel Number | 0878-0035 | Improvements Assessment | $522,740 |
Land Assessment | $531,000 | Total Assessment | $753,418 |