Property summary
Professional Office Condominium in Gramercy Park 316 East 22nd Street - Unit COMM1 presents a rare opportunity to own a full-floor commercial condominium in the heart of Gramercy Park, one of Manhattan's most prestigious and charming neighborhoods. This 3,102 square foot unit spans the first floor and cellar of a beautifully restored pre-war elevator building, originally built in 1910 and converted to condominium in 2009. Currently configured as a traditional administrative office, the space is primed for transformation into a modern, turnkey commercial environment. Leading images depict the unit's potential and are provided for conceptual purposes. Motivated Seller. Interior Layout: Multiple private offices and consultation rooms Open workspaces and reception area Half bathroom Private interior stairwell connecting both levels Mechanical and meter rooms Accessory storage areas Rear-facing windows providing natural light and ventilation Features: Hardwood floors, exposed brick, and 9' ceilings Sheetrock ceilings with mounted lighting Dedicated HVAC system 110/220V electrical service, individually metered Sprinkler system in cellar Building & Location: 7-story mixed-use elevator building Located on a quiet, tree-lined block between First and Second Avenues Transportation includes: 6 train, M23/M15/M101 buses, and FDR Drive Surrounded by parks, restaurants, cafes, and retail Close to major medical centers and Midtown business district Financials: Real Estate Taxes: $36,497 per year Common Charges: $1,528 per month Perfect for wellness/spa/medical-aesthetics destination, professional, or creative office use, this unit offers long-term value in a prime Manhattan location.
Property profile
VerifiedCap rate & NOI
Current use
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Tech Support Center (Bike/Boat/Book/etc) Store
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Business Management Consultant
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Medical Clinic
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Condominium Complex
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
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Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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