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216 3rd AvenueNew York, NY 10003

For Sale

$5,250,000

Smart Buyer Rebate $65,625

Rare opportunity to acquire a fully leased mixed-use investment property in the heart of Manhattan's highly desirable Gramercy neighborhood. Located on Third Avenue between East 17th and East 18th Streets, the property consists of approximately 4,320 square feet across three stories and is 100% occupied with established tenants. The building also benefits from valuable development potential through unused air rights, offering investors both stable in-place income and long-term upside. Surrounded by national retailers, restaurants, residential developments, and major transportation hubs, this asset presents a unique opportunity in one of New York City's most sought-after submarkets.

Listed by Arie Abadi

·

AA Management NYC LLC

·

(212) 952-0800

Last updated June 13, 2026

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Source: REBNY #RLS20096423

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeMulti-family
  • NeighborhoodGramercy Park
  • Bathrooms5
  • Days on Prevu7
  • Taxes$68,544/year
  • Size4,320 sqft
  • Price per sqft$1,215

Amenities

  • Pets Allowed

Location

Mortgage Calculator

Listing History

06/08/2026
Listed by AA Management NYC LLC
$5,250,000

Estimated Closing Costs

Total
$232,100
Attorney Fees
$4,000
NYC Mansion Tax
$118,125
Title Insurance
$23,625
Bank Attorney
$1,500
Mortgage Recording Tax
$80,850
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $5,250,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 216 3rd Avenue

Association

Amenities

  • Pets Allowed: Building Yes, Yes

Exterior

Construction

  • Stories Total: 3
  • Year Built: 1900
  • Architectural Style: Prewar

Measurements

  • Building Area Total: 4,320
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,080
  • Lot Size Dimensions: 18
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 0874-0042
  • Tax Annual Amount: $68,544.00

Interior

Measurements

  • Living Area: 4,320
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Gramercy Park
  • Tax Block: 0874
  • Tax Lot: 0042

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Laundry Features: See Remarks
  • Other Equipment: Intercom

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There is bedrooms and 5 bathrooms in this multi-family home at 216 3rd Avenue.

What are the annual taxes for 216 3rd Avenue?

Annual taxes for this multi-family home are estimated at $68,544.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,320 sqft.

216 3rd Avenue is a -bedroom, 5-bath multi-family home for sale in New York NY 10003. Listed on Prevu for 7 days at $5,250,000. This residence features 4,320 square feet of living space, located in Gramercy Park. The median listing price for multi-family homes in this area is $1,272,500. The home offers pets allowed. Browse more multi-family home listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.