Property Description for 23 East 17th Street
A 25’ wide, 6-story plus cellar neo-renaissance style mixed-use building, characteristic of the later development phase of the Ladies Mile Historic District in which it is situated. Built in 1902, the building is approximately 10,998 square feet and has an elevator. The building consists of seven (7) units: two (2) retail stores on the ground floor, one (1) commercial/retail space on the 2nd floor occupied by Paragon Sports whose entrance is on Broadway and four (4) floor-through apartments above. The 3rd and 6th floors are owner occupied residences and will be delivered vacant.
The building is located in Union Square, home to over 70,000 residents, 150,000 employees and 40,000 students offering a thriving cultural, business and education hub with top-notch restaurants, unique fitness studios and diverse retailers. The area hosts one of NYC’s most iconic gathering points, Union Square Park, and features the popular Greenmarket four days a week. According to the Union Square Partnership’s 2014 Pedestrian Activity Report, an all-time high 383,000 average daily visitors and over 35 million annual subway riders pass through and around Union Square. 23 East 17th Street’s superb location 117’ off Broadway and just steps from Union Square make it an exceptional investment property with the opportunity of a condo conversion.