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340 E 23rd St - Gramercy by Starck Local commercial | 1 231 m² | 20 723 519 € | À vendre | New York, NY 10010
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 100% Lease to CVS Pharmacy
- In the heart of Gramercy Park
- At the base of a luxury condominium
- Proximity to 6/L/N/Q/R/W
RÉSUMÉ ANALYTIQUE
Positioned in the heart of Gramercy Park, one of Manhattan’s most historic and desirable neighborhoods, the retail condominium at 340 East 23rd Street presents a rare opportunity to acquire a fully leased, income-generating asset with long-term stability. Located mid-block between First and Second Avenues, the property sits at the base of the Gramercy Starck, a luxury residential tower developed in 2007, and benefits from strong visibility and consistent foot and vehicular traffic along the East 23rd Street corridor. The offering comprises approximately 13,250 square feet of retail space, split between 9,250 SF on the ground floor and 4,000 SF on the lower level. The space is 100% leased to CVS Pharmacy under a long-term NN lease that runs through April 2033, with four five-year extension options that could extend occupancy through 2053. This structure ensures minimal landlord responsibilities, with CVS covering all expenses except CAM fees. Strategically located near major medical institutions including NYU Langone Medical Center, Bellevue Hospital, and the VA Medical Center, the property benefits from steady demand and reinforces the value of a pharmacy tenant in this location. The surrounding area is rich with cultural institutions, boutique retail, and acclaimed dining, and offers excellent access to multiple subway lines, major bus routes, and proximity to Union Square and Midtown Manhattan. This investment-grade tenancy and prime location make the asset highly attractive for investors seeking secure, long-term cash flow in a vibrant Manhattan neighborhood.
INFORMATIONS SUR L’IMMEUBLE
| Surface totale de l’immeuble | 17 765 m² | Étages | 21 |
| Type de bien | Immeuble residentiel (Lot en copropriété) | Surface type par étage | 1 031 m² |
| Sous-type de bien | Appartement | Année de construction | 2007 |
| Classe d’immeuble | A | Surface du lot | 0,16 ha |
| Zonage | C1-9A R8B | ||
| Surface totale de l’immeuble | 17 765 m² |
| Type de bien | Immeuble residentiel (Lot en copropriété) |
| Sous-type de bien | Appartement |
| Classe d’immeuble | A |
| Étages | 21 |
| Surface type par étage | 1 031 m² |
| Année de construction | 2007 |
| Surface du lot | 0,16 ha |
| Zonage | C1-9A R8B |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Micro-ondes
- Cuisine
- Planchers en bois
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Baignoire/Douche
- Accessible aux fauteuils roulants (chambres)
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Centre de fitness
- Laverie
- Property Manager sur place
- Cabanon
- Portier
- Salle de jeux
- Centre multimédia/Cinéma
- Terrasse sur le toit
- Ascenseur
- Lounge
- Solarium
1 LOT DISPONIBLE
Lot Retail
| Surface du lot | 1 231 m² | Type de vente | Investissement ou propriétaire occupant |
| Prix | 20 723 519 € | Taux de capitalisation | 6,52% |
| Prix par m² | 16 835,18 € | RNE | 1 351 173,46 € |
| Usage du lot en coprop. | Local commercial |
| Surface du lot | 1 231 m² |
| Prix | 20 723 519 € |
| Prix par m² | 16 835,18 € |
| Usage du lot en coprop. | Local commercial |
| Type de vente | Investissement ou propriétaire occupant |
| Taux de capitalisation | 6,52% |
| RNE | 1 351 173,46 € |
NOTES SUR LA VENTE
Avison Young, as exclusive agent, is pleased to offer for sale a premier retail condominium located at 340 East 23rd Street on the south side of East 23rd Street between First and Second Avenues in the heart of Gramercy Park, one of Manhattan’s most historic and desirable neighborhoods.
Positioned at the base of a luxury residential condominium developed in 2007, the property benefits from strong visibility with consistent foot and automobile traffic along a key east-west thoroughfare. The retail condominium features 9,250 SF on the ground floor and 4,000 SF in the lower level, totaling 13,250 SF.
The condominium is 100% leased to CVS Pharmacy, a leading national drugstore chain, under a long-term NN lease structure. The tenant is responsible for all expenses except for the condominium common area maintenance (CAM) fees, ensuring minimal landlord obligations.
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| Studios | 207 | - | - |
Présenté par
340 E 23rd St - Gramercy by Starck
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