Property Description for 352 East 19th Street
Rare Boutique Multi-Home Investment Opportunity in Gramercy - located on a Charming Tree-Lined Block.
Well Maintained Boutique Building for Sale
Approximately 3.5% CAP RATE
SETUP SHEET UPON REQUEST
8 Residential Units (10 beds/8 baths) - 3 Free Market units and 5 stabilized
6 large studios and two 2 bedroom duplexes, one with private balcony
100% Occupied Shared Rooftop Terrace, Backyard + Basement
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Average unit Size: 525 sqft
Non Landmarked
UnusedFAR: 1,207
Transportation: less than 0.5 miles away Union Square & L, N, Q, R, 4, 5, 6, W, Ferry
Zoning District: R7B, C1-6A (option for commercial/retail ground floor)
Cap Rate: APPROX 3.5%
Lot size: 20ft x 92ft