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Gramercy Park Two Building Package 343 E 21st St 9 Unit Apartment Building $7,000,000 ($777,778/Unit) 4.48% Cap Rate New York, NY 10010
Executive Summary
Curb Capital LLC is pleased to present a 9-unit mixed use package comprising two four story walkup buildings located in Gramercy Park at 343 East 21st Street and 352 East 20th Street.
Investment Highlights
• Two four story walkup buildings
• Nine total units consisting of three retail units and six residential apartments
• Buildings are located one block apart and are entirely free market
• Strong in place cash flow with additional upside potential
• Well maintained assets with no known material issues
Investment Highlights
• Two four story walkup buildings
• Nine total units consisting of three retail units and six residential apartments
• Buildings are located one block apart and are entirely free market
• Strong in place cash flow with additional upside potential
• Well maintained assets with no known material issues
Property Facts
| Price | $7,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $777,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 4.48% | Building Size | 2,628 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | C1-6A, R7A - Commercial district predominantly residential in character | ||
| Price | $7,000,000 |
| Price Per Unit | $777,778 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 2,628 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | C1-6A, R7A - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0927-0124 | Improvements Assessment | $282,073 |
| Land Assessment | $143,985 | Total Assessment | $426,058 |
Property Taxes
Parcel Number
0927-0124
Land Assessment
$143,985
Improvements Assessment
$282,073
Total Assessment
$426,058
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Gramercy Park Two Building Package | 343 E 21st St
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