A vacant mixed-use building at 254 East 33rd Street located between Second and Third Avenues on the cusp of Manhattan’s Murray Hill/Kips Bay neighborhoods was sold in an all cash transaction valued at $2,200,000.
The five-story building is 16.67’ wide and approximately 3,584 square feet. The building was delivered vacant in partially renovated condition. The building currently consists of a commercial unit on the ground floor, five studio apartments, and a one-bedroom duplex apartment. The commercial unit benefits from a private entrance, a full bathroom, and access to an elevated rear patio which creates an ideal layout for a professional tenant. Each unit is separately metered for both gas and electric. The sale price represented $613.83 per square foot.
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Neighborhoods: Murray Hill/ Agents: John Ciraulo