117 E 15th St
New York, NY 10003
Multifamily Property For Sale · 8 Units

Cushman and Wakefield is pleased to offer for sale this stately 5-story multi-tenanted brownstone located in the heart of Union Square on a beautiful tree-lined block. This 22.5’ wide, 6,800± square foot walkup building is located on the north side of East 15th Street between Union Square East and Irving Place. The property consists of a restaurant on the ground and lower level, a commercial office space on the parlor floor with 14’ ceilings and six (6) residential apartments above. There are three (3) one-bedrooms, one (1) two-bedroom and two (2) studios. The two studios situated in the rear of the 4th and 5th floors could be extended out atop the extension from the floors below it to create larger two-bedrooms. Each apartment benefits from an abundance of light, high ceilings, hardwood floors, vintage detailing, large closets, original tin ceilings, exposed brick, decorative fireplaces, and prime location just steps away from the 4/5/6, N/Q/R and L trains. Recent upgrades to the building include a new boiler and updated electrical. The building sits directly across from Zeckendorf Towers which has a grocery store, pharmacy, parking garage and dry cleaners and is nearby many movie theaters, restaurants, gourmet food markets, designer boutiques, home furnishing stores and big box retailers. The property is situated within the C6-2A (R8A) zoning district which allows for an FAR of 6.02 for residential use, 6.0 for commercial or hotel use and 6.5 for community facility use. The site has approximately 7,184 square feet of unused air rights that could be utilized and/or transferred. This is a unique opportunity to purchase a value-add, cash flowing property just a half block from Union Square Park.