Cushman & Wakefield has been retained on an exclusive basis to sell a new construction apartment building at 316-318 East 3rd Street, located between Avenues C and D in Manhattan’s East Village neighborhood. The asking price is $26,325,000.
The eight-story, 33-unit luxury elevator building contains approximately 23,482 square feet on a 48.67’ x 105.96’ irregular lot. The building, known as “The Robyn,” was completed in 2013, using high quality, energy-efficient materials. It features a virtual doorman, video security, and a common deck area. Each unit features stainless steel and granite kitchens, marble baths, and in-unit washer/dryers. Additionally, the property benefits from a 421a tax abatement, with seven years remaining.
The property is centrally located in the East Village and within steps from the Lower East Side, providing a tremendous variety of the city’s best restaurants and nightlife. It is within close proximity to public transportation, including the F train stop at Second Avenue. This offering presents an excellent opportunity for an investor to purchase a high cash flowing, low maintenance asset in the heart of the East Village.
“The Robyn provides an entirely turn-key, cash-flowing, newly constructed elevator building in one of the tightest sub-markets in Manhattan,” said Cushman & Wakefield’s James Nelson, who is exclusively marketing this property along with Michael DeCheser and Matt Nickerson.
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Neighborhoods: East Village/ Agents: Michael DeCheser