21 17Th St New York, NY 10003

This exceptional mixed-use property, located at 21 East 17th Street in New York City's Ladies' Mile Historic District, presents a unique investment opportunity. The 11,250 square foot building, constructed in 1915, features five stories and boasts a charming facade dating back to 1882. Currently at 20% occupancy, this Class C building offers significant upside potential. The property is zoned M1-5M, allowing for a Floor Area Ratio (FAR) of 5.0 for office/manufacturing and 6.5 for community facilities. There are no side yard requirements and a 20-foot rear yard. The building's permitted uses include business, mercantile, residential, and community facility options, providing flexibility for a variety of development scenarios. Concept designs showcase multiple layout options for retail spaces, including an elevator study. The lot dimensions are 25 feet by 97 feet, encompassing approximately 0.06 acres. The asking price is $10,500,000. Real estate taxes, as of August 1, 2023, were $169,926.16. The building's ceiling height is 11 feet. This property is ideal for an owner/user seeking a prime location in a thriving neighborhood with significant redevelopment potential. The building's versatility and advantageous zoning make it an attractive investment for both short-term and long-term growth. The Northwest corner of Union Square location provides excellent visibility and accessibility.