27 E 22nd St
New York, NY 10010
Multifamily Property For Sale · 11 Units

Cushman & Wakefield has been exclusively retained to arrange for the sale of the ground floor commercial condominium located at 27 East 22nd Street in the heart of the Flatiron District, Manhattan. The commercial condo is at the base of the L’Elysee Condo, a 10- unit residential prewar loft building that was converted to condo in 1983. The property sits on the north side of East 22nd Street between Broadway and Park Avenue South and is ideally positioned to benefit from a wide arrange of potential uses. 27 East 22nd Street features 1,997 square feet of on-grade commercial space plus an 813 square foot accessory lower level. The space features 25’ of frontage along 22nd Street, 13’ ceilings on the ground and 9’ on the lower level. The current Certificate of Occupancy permits all commercial uses within Use Group 6 and up to 73 people on the ground floor plus storage or any accessory use in the cellar. The interior space has tremendous light and air benefiting from having a floor-to-ceiling windows across the storefront, a large skylight in the rear of the space, high ceiling heights, and tremendous frontage. The former occupier was a high-end pediatric practice that left no stone unturned when building out the space. 27 East 22nd Street is the perfect space for a wide array of potential users including doctors, architects, real estate offices, creative, family offices, artists, nonprofits, crypto companies, NFT producers, fashion companies, design firms, showrooms as well as many traditional retail users such as coffee shops, bars and restaurants. The property is a half bock from Broadway, Fifth Avenue and Park Avenue South, just steps from the Flatiron Building, One Madison Avenue and Madison Square Park and is surrounded by major retailers such as Eataly, The Lego Store, Trader Joe’s, Herman Miller, CVS, Starbucks, ABC Carpet & Home, Morton Williams and Fotografiska.