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Retail Bank Condominium
For Sale
$800,000

300 W 23rd Street 8G, New York City, NY 10011

Leased ground-floor branch with a vacant lower level offers a two-level commercial configuration.

Property SizeContact for details
Days on Market146

Property Features for 300 W 23rd Street 8G

General Information

Standard status Active
Property subtype Apartment

Additional Details

Floor Ground, Lower Level

Building Details

Year Built 1931
Listing Agency: Sothebys International Realty
Listed By: Matthew Fox
Source: Howardhannanyc
Added: Apr 24 Changed: Sep 11 Last Checked: Sep 15 at 9:39AM

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 Sothebys International Realty

Investment Insights

Based on property information with market context.

This retail condominium contains 11,145 square feet across a ground-floor banking branch and a lower level. Bank of America occupies the grade-level space under a long-term lease, while the lower level is vacant and available for future lease-up. The property is positioned along East 23rd Street in Manhattan, within the Gramercy Park area and near a mix of residential, office, and institutional activity.

Transit access includes the 6 train at 23rd Street, the N and R trains at 23rd Street on the Broadway Line, and the L train at 3rd Avenue. Multiple bus routes serve the area, including M23 SBS, M9, and M34. Nearby retail and service operators include Target, Trader Joe's, CVS Pharmacy, Starbucks, and Chase Bank, with Gramercy Park, Madison Square Park, and the Flatiron Building also in the surrounding area.

Key Highlights

  • 11,145‑square‑foot retail condominium with ground‑floor banking and a lower level
  • Bank of America branch occupies the grade‑level space under a long‑term lease
  • Vacant lower level provides space for future lease‑up

Property Analytics

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Current Use

GREG JOHNSON PARTNERSHIPS ... Business Service Center Our Wedding Officiant ... Wedding Service Screaming in Cakes Bakery Home Trade Association Or Organization

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Buffet Nursing Home Butcher Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38,141
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Leased ground-floor branch with a vacant lower level offers a two-level commercial configuration.
Where is this bank located?
The property is located at 300 W 23rd Street 8G New York City, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 11,145‑square‑foot retail condominium with ground‑floor banking and a lower level; Bank of America branch occupies the grade‑level space under a long‑term lease; Vacant lower level provides space for future lease‑up
More about this property
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