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261 3rd Ave 6,950 SF Retail Condo Unit Offered at $7,600,000 in New York, NY 10010
Investment Highlights
- LEED GOLD Certified 5 Star Building
- Newly installed Daikin Heat Pumps
Executive Summary
Prime retail at the base of a LEED certified, 65-unit, 20-story luxury condo development designed by BKSK Architects. Located in the heart of Gramercy. Space A available, Space B leased. Virtual Tour Can be Viewed Here: https://my.matterport.com/show/?m=NbuBmWZrKDP
Data Room Click Here to Access
- Operating and Financials
- Third Party Reports
Property Facts
| Total Building Size | 99,325 SF | Floors | 20 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,250 SF |
| Property Subtype | Apartment | Year Built | 2016 |
| Building Class | A | Lot Size | 0.17 AC |
| Zoning | C1-9A - Commercial District Predominantly Residential in Character. | ||
| Total Building Size | 99,325 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 20 |
| Typical Floor Size | 5,250 SF |
| Year Built | 2016 |
| Lot Size | 0.17 AC |
| Zoning | C1-9A - Commercial District Predominantly Residential in Character. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Concierge
- Fitness Center
- Laundry Facilities
- Picnic Area
- Gameroom
- Media Center/Movie Theatre
- Package Service
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
- Public Transportation
- Green Community
1 Unit Available
Unit A-B
| Unit Size | 6,950 SF | Sale Type | Investment |
| Price | $7,600,000 | Cap Rate | 6.58% |
| Price Per SF | $1,093.53 | NOI | $500,000 |
| Condo Use | Retail |
| Unit Size | 6,950 SF |
| Price | $7,600,000 |
| Price Per SF | $1,093.53 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| NOI | $500,000 |
Description
Space A - Occupied: Luckin Coffee (Lease exp 11/30/2035)
Space B - Occupied: Pilates (Lease term through 2034 with 5 year option to renew)
Space C - Occupied - The Hyun (high end culinary products)(Lease exp. 2036)
Sale Notes
Prime opportunity for user or investor. 7.8% cap rate on trailing 12-month.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 67 | - | - |
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
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261 3rd Ave
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