Aaron of Horvath & Tremblay completes sale of two mixed-use properties for $4.34 million

 

 

Manhattan, NY Robert Aaron of Horvath & Tremblay has completed the sale of 333 1^st Ave. Horvath & Tremblay exclusively represented the seller and procured the buyer. The asset sold for $2.8 million. 333 1^st Ave. is a seven unit mixed-use investment property located in the Gramercy Park neighborhood. The building is a four-story building that contains a commercial space on the ground floor and six one-bedroom/one-bathroom residential units in a 5,014 s/f building on a .042-acre parcel. 333 1^st Ave. is positioned between East 19^th St. and East 20^th St. and is near Stuyvesant Square Park, the NYU Langone Medical Center and the Union Square district. The property has access to the MTA bus line, several subway stations, the FDR Dr., and the city’s crosstown thoroughfares. The property is 600 ft. from East 14^th St. and 0.3 miles from 23^rd St., two of the area’s primary commercial corridors, and offers access to restaurants, national retailers, medical offices, and neighborhood services. The property is close to multiple schools, healthcare institutions, and green spaces, and is .8 miles from Madison Square Park, and 1.1 miles from New York University (NYU).

Aaron has also facilitated the sale of 2127 3^rd Ave. Horvath & Tremblay exclusively represented the seller and procured the buyer. The asset sold for $1.54 million. 2127 3^rd Ave. is an 11-unit mixed-use investment property located in the East Harlem neighborhood. The five-story brick building is comprised of two retail units, one office unit, seven, one-bedroom/one-bathroom units, and one  studio unit in a 6,908 s/f building on a .039-acre parcel. Additionally, the property has 9,982 s/f of air rights. 2127 3^rd Ave. is situated on the east side of Third Ave. between East 116^th and East 117^th Sts. The property has access to the MTA bus line, several subway stations, FDR Dr., I-278 and I-95, and the Third Ave., Willis Ave., and RFK Bridges. The property is .6 miles from Central Park, Marcus Garvey Park, and Thomas Jefferson Park and has access to area amenities including restaurants, retailers, businesses, and service tenants. The property is close to several area schools and is 1.2 miles from Columbia University, Hunter College, and Randalls Island.