This 5-story, 6-unit building has tremendous opportunity. The property currently sits on an approx. 21.67’ X 100’ lot with a maximum FAR of 7.52, current FAR of 3.24, with a total buildable of approx. 13,652 Square Feet. Situated R9A Zoning.
Encompassing all 5 floors, the total monthly rent is currently $11,250. The approx. current potential monthly rent can be as high as $27,750, and the approx. current potential yearly rent can be as high as $333,000.* Total current expenses (taxes, plumbing, electric, etc.): $65,117. The building’s plumbing, electrical, and units have been updated. The building will be delivered vacant.
Gramercy Park remains one of the most affluent neighborhoods in New York City, as it is still a top destination for residents and businesses. 320 2nd Avenue presents the rare and unique opportunity for investors or interested parties to make their mark on the iconic city
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