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327 17Th St New York, NY 10003

Sponsored
For Sale
$6,950,000

16-unit apartment building, prime location.

Property size:
10,208 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional value-add opportunity presents a 6-story, 10,208 square foot elevator building situated on a 22-foot wide lot in Manhattan's desirable Gramercy Park neighborhood. Located on the north side of East 17th Street, between First and Second Avenues, this property enjoys a prime location directly across from Stuyvesant Square Park. The building, previously utilized as a residential treatment facility by Beth Israel Hospital, is currently vacant, offering significant upside potential. The ground floor features office/lobby space and a rear patio. Floors two through six each contain three one-bedroom units, sharing a single and a half bathroom. Each floor has two front-facing and one rear-facing bedroom. The building boasts 16 units in total, with a lot size of 2,024 square feet and 4,000 square feet of available air rights. This presents a unique opportunity to capitalize on the building's potential. The property benefits from excellent accessibility, being just two blocks from the First Avenue L train station and a short walk from the 14th Street – Union Square station (4, 5, 6, and L lines). Its proximity to Gramercy Park, Friends Seminary School, and the vibrant culinary and retail scenes of Union Square and the East Village further enhances its desirability. The asking price is $6,950,000, translating to $680.84 per square foot and $434,375 per unit. The permitted zoning is R8A.

Property Features for 327 17Th St

General Information

Property type
Multifamily properties
Square Feet
10,208 SF

Building Details

Buildings
1
Stories
6
Units
16

Property Profile Location Intelligence

Current Use by Public Records

Birenbaum Ellen MD Internist Robert Mapplethorpe Residential Non-Profit Organization Former Residence of Composer ... Tourist Attraction Mount Sinai Beth ... Medical Clinic

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
-73.9823427
Latitude
40.7339147

FAQs

What type of property is this?
Multifamily property - 16-unit apartment building, prime location.
Where is this multifamily property located?
The property is located at 327 17Th St New York, NY.
What is the asking price?
The asking price for this property is $6,950,000.
More about this property
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