343 21St StNew York, NY 10010

This meticulously maintained 4-story, 2,628 square foot mixed-use building at 343 East 21st Street in New York, NY 10010, offers a compelling investment opportunity. Situated on a tree-lined street near Gramercy Park, the property boasts a 26.5-foot wide lot (656 sq ft) and benefits from excellent visibility near First Avenue. The building comprises five units: three free-market, three-bedroom apartments (all on yearly leases), a Ubreakifix electronics repair store (7-year lease), and a barbershop (month-to-month). The current occupancy is 100%, generating a Net Operating Income (NOI) of $161,280, with a pro-forma NOI of $194,880 and a pro-forma cap rate of 4.33%. The asking price is $4,500,000, representing a price per square foot of $1,712 and a current cap rate of 3.58%. Low maintenance costs are further enhanced by tenants paying utilities. Annual operating expenses, including taxes, are approximately $4,000 per month. The property is zoned C1-6A (R7A Equivalent), making it ideal for both investors seeking strong cash flow and end-users looking for a live/invest opportunity or pied-à-terre. This is a rare chance to acquire a well-positioned, income-producing asset in a highly desirable Manhattan neighborhood.