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327 E 17th St

15 Unit Apartment Building $6,950,000 ($463,333/Unit) New York, NY 10003

Executive Summary

Cushman & Wakefield has been exclusively retained to arrange for the sale of this 22’ wide, 6-story, 10,208 square foot elevator building. The subject property is on the north side of East 17th Street between First and Second Avenues in Manhattan’s Gramercy Park neighborhood. The building was previously used by Beth Israel Hospital as a residential treatment facility, but it is currently leased to a homeless shelter whose lease can be terminated with 90 days’ notice. The facility has offices /lobby area on the ground floor with a back patio. Floors 2-6 have three 1-bedroom units on each floor with a shared one and a half bathroom. There are two bedrooms in the front and one bedroom in the rear. Located in a prime location near Gramercy Park, Friends Seminary School, and some of New York City’s best restaurants and shopping, the property sits directly across from Stuyvesant Square Park. This otherwise quiet block lies conveniently at the convergence of the exclusivity Gramercy has to offer with the bustling Union Square and the vibrant the East Village steps away. This location also has premiere accessibility located two blocks from the First Avenue L Subway Station and it is also a
short walk away from the 14th Street – Union Square Subway Station offering access to the 4, 5, 6, N, Q, R and L Subway Lines.

Property Facts

Price $6,950,000
Price Per Unit $463,333
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 15
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.05 AC
Building Size 10,208 SF
No. Stories 6
Year Built 1992
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0923-0018
Land Assessment
$351,000
Improvements Assessment
$1,171,800
Total Assessment
$1,522,800

zoning

Zoning Code R8A (High density residential district)
R8A (High density residential district)
  • Listing ID: 29521805

  • Date on Market: 9/14/2023

  • Last Updated:

  • Address: 327 E 17th St, New York, NY 10003

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