Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    343 21St St New York, NY 10010

    Sponsored
    For Sale
    $4,500,000

    Prime NYC location, high cash flow, strong NOI.

    Property size:
    2,628 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This meticulously maintained 4-story, 2,628 square foot mixed-use building at 343 East 21st Street in New York, NY 10010, offers a compelling investment opportunity. Situated on a tree-lined street near Gramercy Park, the property boasts a 26.5-foot wide lot (656 sq ft) and benefits from excellent visibility near First Avenue. The building comprises five units: three free-market, three-bedroom apartments (all on yearly leases), a Ubreakifix electronics repair store (7-year lease), and a barbershop (month-to-month). The current occupancy is 100%, generating a Net Operating Income (NOI) of $161,280, with a pro-forma NOI of $194,880 and a pro-forma cap rate of 4.33%. The asking price is $4,500,000, representing a price per square foot of $1,712 and a current cap rate of 3.58%. Low maintenance costs are further enhanced by tenants paying utilities. Annual operating expenses, including taxes, are approximately $4,000 per month. The property is zoned C1-6A (R7A Equivalent), making it ideal for both investors seeking strong cash flow and end-users looking for a live/invest opportunity or pied-à-terre. This is a rare chance to acquire a well-positioned, income-producing asset in a highly desirable Manhattan neighborhood.

    Property Features for 343 21St St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,628 SF

    Building Details

    Stories
    4
    Units
    5

    HighLights

    • Meticulously maintained 4‑story mixed‑use building, 2,628 sq ft.
    • Located at 343 East 21st Street, New York, NY 10010, on a tree‑lined street near Gramercy Park.
    • Five units: three 3‑bedroom apartments (yearly leases), a Ubreakifix (7‑year lease), and a barbershop (month‑to‑month).
    • 100% occupancy, $161,280 NOI, $194,880 pro‑forma NOI, 4.33% pro‑forma cap rate.
    • Asking price: $4,500,000 ($1,712/sq ft), 3.58% current cap rate.
    • C1‑6A (R7A Equivalent) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eddie's Barber Shop Barber Shop uBreakiFix - Phone and Computer ... Mobile Phone Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9797723
    Latitude
    40.7358667

    Nearby Similar for Sale

    • $2,200,000
      0.09 Acres

      Updated Brick Duplex with Basement

      Updated 8-bedroom duplex with finished basement in Jamaica Hills.
      8470 159Th St, Jamaica, NY 11432
      View Details
    • New
      $2,500,000
      0.13 Acres

      Flushing Two-Family Home Near Northern Blvd

      Two-family home in prime Flushing location near Northern Blvd.
      35-35 155Th St, Flushing, NY 11354
      View Details
    • $1,599,000
      Pending

      Flushing Three-Family Investment Opportunity

      Spacious, well-maintained three-family property in prime Flushing location.
      162-19 Laburnum Ave, Flushing, NY 11358
      View Details
    • New
      $799,999
      0.11 Acres

      Jamaica, NY Duplex Opportunity

      Well-cared for duplex on a spacious lot in historic neighborhood.
      112-05 180Th St, Jamaica, NY 11433
      View Details
    • New
      $1,650,000
      0.06 Acres

      Jamaica Commercial Building For Sale

      4,620 SF commercial building in prime Jamaica location.
      148-11 175Th St, Jamaica, NY 11434
      View Details
    • $1,325,000

      Ridgewood Two-Family Home For Sale

      Well-maintained, move-in-ready two-family home in vibrant Ridgewood neighborhood.
      20-15 Menahan St, Flushing, NY 11385
      View Details
    • New
      $800,000
      Pending

      Jamaica Duplex with Large Lot

      Detached duplex on a large lot in Jamaica, Queens.
      16602 120Th Ave, Jamaica, NY 11434
      View Details
    • $1,300,000
      Pending

      Renovated Two-Family Home in Jamaica

      Renovated two-family home with modern amenities and ample parking.
      120-12 Long St, Jamaica, NY 11434
      View Details
    • $1,975,000
      4,014 SF

      Renovated Astoria Heights Multi-Family Home

      Renovated 4-family home in desirable Astoria Heights location.
      19-49 80Th St, Flushing, NY 11370
      View Details
    • $4,999,950

      Manhattan Multifamily Building Near Grand Central

      Multifamily property near Grand Central Terminal with redevelopment potential.
      113 E 39Th St, Manhattan, NY 10016
      View Details
    • $1,295,000
      Pending

      Two-Family Home in Jamaica, NY

      Two-family home with finished basement, driveway, and garage.
      15027 Linden Blvd, Jamaica, NY 11434
      View Details
    • New
      $2,998,888
      0.11 Acres

      Spacious Two-Family Residence in Flushing

      Two-family home with finished attic and basement near amenities.
      146-18 Laburnum Ave, Flushing, NY 11355
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime NYC location, high cash flow, strong NOI.
    Where is this multifamily property located?
    The property is located at 343 21St St New York, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Meticulously maintained 4-story mixed-use building, 2,628 sq ft.; Located at 343 East 21st Street, New York, NY 10010, on a tree-lined street near Gramercy Park.; Five units: three 3-bedroom apartments (yearly leases), a Ubreakifix (7-year lease), and a barbershop (month-to-month).
    Request Owner's contact information
    343 21St St New York, NY 10010
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    343 21St St
    New York, NY 10010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    343 21St St New York, NY 10010
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.