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261 3rd Ave
New York, NY 10010 Gramercy Park

$8,450,000 USD

Apartments Condo For Sale  •  7,800 SF

Property Details

  • Property Type Apartments
  • Total Building Size 99,325 SF
  • Lot Size 0.17 AC
  • Building Class A
  • Year Built 2016
  • Zoning C1-9A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit A-B Retail 7,800 SF $8,450,000 USD
  • Unit Size: 7,800 SF
  • Condo Use: Retail
  • Price: $8,450,000 USD
  • Sale Type: Investment
  • Price/SF: $1,083.33 USD
Description
Space A - Vacant - Previously occupied by Spectrum retail 
Space B - Pilates (Lease term through 2034 with 5 year option to renew)
Space C - Occupied - high end culinary products (Lease exp. 2036)

Sale Notes
Prime opportunity for user or investor. 7.4% cap rate on trailing 12-month.

Description 

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

Highlights

LEED GOLD Certified 5 Star Building
Newly installed Daikin Heat Pumps

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Concierge
  • Dishwasher
  • Disposal
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Storage Space
  • Washer/Dryer
  • Heating
  • Gameroom
  • Media Center/Movie Theatre
  • Package Service
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Roof Terrace
  • Bicycle Storage
  • Elevator
  • Lounge
  • Freezer
  • Public Transportation
  • Green Community

Public Transportation

Commuter RailDriveWalkDistance
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min - 1.3 mi
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 1.4 mi
Transit/SubwayDriveWalkDistance
23 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
3 Avenue (L - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
28 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
1 Avenue (L - New York MTA Subway (The Subway)) 3 min 11 min 0.6 mi
AirportDriveWalkDistance
La Guardia 15 min - 9.1 mi
Newark Liberty International 25 min - 13.7 mi
John F. Kennedy International 22 min - 15.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Namer 212-206-7820 Alfa Development Management, LLC
Matthew Namer 212-206-7820 Alfa Development Management, LLC