Description

For Sale: Gramercy Multi-Family, 8 Units (3 Free Market, 5 Rent-Stabilized) $2,999,000
Rare Investment opportunity!

Nestled on a quiet, tree-lined block in Gramercy Park, this boutique pre-war apartment building offers an exceptional opportunity on Manhattan's coveted east side. Built in 1910 and meticulously maintained, the four-story walk-up comprises 8 residential units across approximately 4,196 square feet, blending timeless character with reliable income.

The property features a total of 10 bedrooms and 8 bathrooms, configured as six spacious studios and two duplex two-bedroom residences, one of which includes a private balcony. A shared rooftop terrace and basement add to the building's functionality and desirability.

Currently configured with 3 free-market units and 5 rent-stabilized units, the building provides both consistent income and long-term upside potential.

Ideally located just under half a mile from Union Square and major subway lines-including the L, N, Q, R, 4, 5, 6, and W-352 East 19th Street combines the best of Manhattan convenience with Gramercy's signature neighborhood charm.

A rare chance to acquire a boutique multi-family asset in one of Manhattan's most enduringly desirable residential enclaves. The property also carries 1,207 sq. ft. of unused air rights.

  Listing courtesy of Brown Harris Stevens Residential Sales LLC ...
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