Mixed-Use Corner Walkup
For Sale
Contact for pricing
Pending
162 3rd Avenue, New York, NY 10003
Four-story corner walkup with ground-floor retail and fifteen rent-stabilized apartments on a built-out 25.5' x 100' lot.
Property SizeContact for details
Days on Market119
Property Features for 162 3rd Avenue
General Information
Standard status
Pending
Property subtype
Multifamily, Mixed Use
Listing Agency:
Holliswood Development LLC
Listed By:
Steven Lusby · License #NY 10401267438
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Aug 6 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Holliswood Development LLC
Investment Insights
Based on property information with market context.
162 3rd Avenue is a four-story mixed-use corner walkup building built full on a 25.5’ x 100’ lot. The property totals 9,500 SF and is zoned C1-9A, with zoning providing approximately 16,000 SF of air rights. The ground floor retail unit is currently occupied by a health food store that has been in operation at this location since 1995; the retail can be delivered vacant.
The residential portion includes fifteen rent-stabilized apartments with an apartment mix of 6 one-bedroom units and 9 alcove studio units. The building has been maintained with capital improvements, including a roof update in 2011 and a new gas boiler installed in 2008.
The property’s configuration supports ongoing mixed-income use, combining street-level retail with a clearly defined residential unit mix designed around one-bed and alcove studio layouts.
The residential portion includes fifteen rent-stabilized apartments with an apartment mix of 6 one-bedroom units and 9 alcove studio units. The building has been maintained with capital improvements, including a roof update in 2011 and a new gas boiler installed in 2008.
The property’s configuration supports ongoing mixed-income use, combining street-level retail with a clearly defined residential unit mix designed around one-bed and alcove studio layouts.
Key Highlights
- 4‑story corner mixed‑use walkup on the southwest corner of 3rd Avenue and 16th Street in Gramercy Park
- 9,500 SF building built full on a 25.5' x 100' lot, zoned C1‑9A
- Zoning provides 16,000 SF of air rights
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story corner walkup with ground-floor retail and fifteen rent-stabilized apartments on a built-out 25.5' x 100' lot.
Where is this mixed-use property located?
The property is located at 162 3rd Avenue New York, NY.
What are key features of this property?
This property features: 4‑story corner mixed‑use walkup on the southwest corner of 3rd Avenue and 16th Street in Gramercy Park; 9,500 SF building built full on a 25.5' x 100' lot, zoned C1‑9A; Zoning provides 16,000 SF of air rights
