204 East 20th Street

A 3-story plus basement, 19.83’ wide, approximately 3,331 square foot townhouse located on one of Gramercy Park’s most desirable blocks. The building consists of an owner occupied triplex apartment on the basement, ground, and 2nd floors and a one-bedroom apartment on the top floor. The townhouse, which features original detail coupled with recent renovations to the kitchen and bathrooms and a beautifully landscaped garden will be delivered vacant. The townhouse is uniquely positioned to benefit from its location within the C1-9A (R10A equivalent) avenue zoning district which carries an FAR of 10.0. If the adjacent properties on the southeast corner of Third Avenue and 20th Street are assembled for future redevelopment, 204 East 20th Street offers the potential to include its approximately 12,136 square feet of unused air rights or 15,467 total buildable square feet and ~20’ of frontage along 20th Street. The property is well located to many private schools, P.S. 40 Augustus Saint-Gaudens, and Baruch College as well as convenient walking distance to Gramercy Park, Stuyvesant Park, Union Square and Madison Square Park. Local transportation is available within a few short blocks to the 4/5/6/L/Q/N and R subways. Shopping and dining options line the nearby avenues with renowned stores such as Paragon Sports, ABC Carpet & Home, Cole Haan, J Crew, Kate Spade and Nordstrom Rack to name a few. The upscale Gramercy submarket boasts outstanding restaurants including Gramercy Tavern, Mario Batali’s Casa Mono, Maialino, Blue Smoke, BLT Prime, Barbounia, Eleven Madison Park, Novitá and Civil War-era survivor, Pete’s Tavern. The area surrounding Gramercy Park has seen a surge in neighborhood improvements and recent developments in the last few years and has become amongst the most desirable neighborhoods to live and work in the city. Given the property can be delivered vacant, its prime location in the red-hot Gramercy Park neighborhood and high density flexible zoning the property is ideal as a single family townhouse, live/work, live/invest or future redevelopment opportunity.