Property profile

316 East 22Nd St New York, NY 10010

FOR SALE
Office Units
Property ID
US63-0138393
3,102 SF Built 2000
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Property summary

AI-generated overview

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

Verified
Property type Office Units
Year built 2000
Total area 3,102 SF
UPID US63-0138393

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Business Management Consultant
  • Medical Clinic
  • Condominium Complex

Location

316 East 22Nd St New York, NY 10010
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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