Presenting a prime investment opportunity at 44 E 21st Street, situated in New York City’s bustling Flatiron District. Available as part of an investment portfolio, this 2-star retail/residential building spans five stories, totaling 6,675 square feet, and is listed for sale at $22,250,000, equating to $1,510.42 per square foot. This unique property combines retail and residential spaces, offering versatility and potential for significant returns in one of Manhattan’s most active commercial districts.
Property Details:
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- Address: 44 E 21st Street, New York, NY 10010
- Sale Price: $22,250,000 ($1,510.42 per SF)
- Sale Type: Investment
- Property Type: 2-Star Retail/Residential Storefront
- Location: Central Business District (CBD), Flatiron District, Manhattan
- Gross Leasable Area (GLA): 6,675 SF
- Stories: 5
- Typical Floor Area: 1,335 SF
- Building Class: Class C
- Construction Type: Masonry
Investment Highlights:
- Prime CBD Location: Located in the thriving Flatiron District, this property is nestled in one of Manhattan’s busiest and most desirable commercial areas, known for its mix of office buildings, restaurants, and high-end residential units. The location offers exceptional access to public transportation and a high concentration of foot traffic from locals, professionals, and tourists alike.
- Mixed-Use Appeal: This property offers a blend of retail and residential space, providing multiple revenue streams. The street-level storefront is ideal for a variety of retail businesses, while the upper floors offer residential or commercial leasing potential, catering to both retail tenants and city dwellers seeking a prime location in the heart of Manhattan.
- Investment Potential: As part of an investment portfolio, this property presents strong value appreciation potential in a high-demand area. Its Class C designation offers investors the opportunity to renovate or upgrade, unlocking further value in the Midtown South submarket.
Conclusion:
44 E 21st Street offers a rare investment opportunity in Manhattan’s Flatiron District, combining retail and residential space in a high-traffic CBD location. Priced competitively at $22,250,000, this property is an ideal choice for investors seeking a versatile and potentially high-yield asset in one of New York City’s most coveted commercial and residential neighborhoods. With its central location, mixed-use potential, and opportunity for value appreciation, this building is poised to be a valuable addition to any investment portfolio.
