216 3rd Avenue, New York City, NY 10003 - Photo 1

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$5,250,000

For Sale
Active
Multi-Family
Updated 2 days ago

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Property Description

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.

Full Property Details

Full Property Details for 216 3rd Ave

General

Price: $5,250,000
Taxes: $68,544
Status: Active
Type: Multi-Family
Source: REBNY
MLS ID: RLS20096423
Updated: 6/12/2026
Added to Site: 7 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Other Rooms

Laundry: See Remarks

Additional Information

Equipment: Intercom

Location

County: New York
Subdivision: Gramercy Park
Cross Streets: East 18th Street/East 19th Street

Community

Pets Allowed: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Window Unit(s)

Structural Information

Architectural Style: Prewar, Walk-Up
Stories/Levels: 3
Square Feet: 4,320
Living Area: 4,320 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size: 1080
Lot Dimensions: 18.00 x 60.00

Financial Considerations

Tax Amount: $68,544

Disclosures and Reports

Property ID: 0874-0042
Block: 874
Lot Number: 42

Listing Courtesy of AA Management NYC LLC

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Schools

Schools serving 216 3rd Ave

School District:New York City Geographic School District 02

Name	Grades	Distance
P.S. 40 Augustus St.-Gaudens 320 East 20th Street, New York, NY 10003	4-5	0.2 mi
Jhs 104 Simon Baruch 330 East 21st Street, New York, NY 10010	7-8	0.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 216 3rd Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/08/2026

Listed

$5,250,000

45.23%

MLS

1/16/2013

Sold

$3,615,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 216 3rd Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$88,978

—

$768,774

8%

2025

$88,978

1%

$711,828

1%

2024

$87,941

2%

$703,413

2%

2023

$86,234

10%

$689,764

-63%

2022

$78,346

8%

$1,887,750

-15%

2021

$72,543

6%

$2,220,750

-5%

2020

$68,297

—

$2,335,500

19%

2019

$68,242

2%

$1,960,650

270%

2018

$66,918

7%

$530,588

8%

2017

$62,487

7%

$491,286

8%

2016

$58,645

8%

$454,896

8%

2016

$54,263

1%

$421,200

1%

2015

$53,505

5%

$416,221

2%

2013

$50,765

—

$408,146

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 216 3rd Ave

216 3rd Avenue, New York City, NY 10003 (MLS# RLS20096423) is a Multi-Family property with 0 units containing 0 bedrooms and 5 full bathrooms. 216 3rd Avenue is currently listed for $5,250,000 and was received on June 08, 2026. Want to learn more about 216 3rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

216 3rd Ave New York City, NY 10003