A corner retail co-op at 222 Park Avenue South, located on the northwest corner of Park Avenue South and East 18th Street in Manhattan’s Union Square neighborhood, was sold in an all cash transaction valued at $8,900,000.
The ground floor retail unit is located within a 12-story elevator co-op building. The space consists of approximately 6,314 square feet on the ground floor and includes approximately 4,600 square feet of sellable space on the lower level. The unit was delivered vacant and sold to an investor. There is incredible visibility with approximately 190’ of wrap-around, corner frontage. The ground floor and basement have ceilings heights of approximately 15’ and 11’ respectively. Given its Park Avenue South location one block off of Union Square, there is tremendous foot traffic seven days a week.
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Neighborhoods: Union Square/ Agents: John Ciraulo