42-46 21St StNew York, NY 10010

Property Details for 42-46 21St St

Property size (Sq ft)

7,895 SF

Property type

Retail properties

Description

This exceptional retail property, located at 42-46 E 21st Street in the vibrant Flatiron District of New York, NY 10010, presents a unique investment opportunity. The property boasts a substantial square footage ranging from 7,895 to 8,625 square feet, spread across a 15-story building. Its M1-5M zoning permits a variety of retail uses, making it highly adaptable to diverse business needs. Situated in the heart of Gramercy, with close proximity to Union Square, this location benefits from high foot traffic and excellent visibility. The building features 16 individually metered units for gas and electric, offering efficient utility management. A significant advantage lies in the substantial unused air rights, totaling 9,355 square feet, based on a 5.0 FAR, presenting considerable potential for future expansion or development. The asking price for this remarkable property is $22,500,000. This prime location in the Flatiron District, known for its blend of historic architecture and modern dynamism, offers an unparalleled chance to acquire a significant retail asset in one of Manhattan's most sought-after neighborhoods. The property's size, zoning, and location combine to create a compelling investment prospect with substantial upside potential.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7392

Longitude

-73.9883

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