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[PublicRemarks] => Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue. <br> <br> Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years. <br> <br> Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income. <br> <br> The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this: <br> <br> Gross Income: $143,000 <br> RE Taxes: $4,667 <br> CAM Charges Annually $12,384 <br> Vacancy Allowance $0 <br> Total Expenses $17,051 <br> <br> Net Income: $125,949 <br> <br> Cap Rate @ $1.65M 7.6% <br> <br> Not bad for a neighborhood where commercial property changes hands at a 5% cap rate.
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[3] => Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty Object
(
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[PublicRemarks] => <p> Penthouse 17 at 240 Park Avenue South is a sophisticated full-floor residence offering panoramic views, exceptional craftsmanship, and an impeccably balanced layout. Designed for both comfort and distinction, this custom home represents the pinnacle of modern urban living. Ideally situated in the heart of the Flatiron District and rising above Gramercy Park, the residence was thoughtfully conceived by B Five Studio in collaboration with Silver Rail Construction.</p> <p> A private coded elevator opens to a gracious entry gallery with two points of entry into the home. Upon entering through the main door, you are greeted with expansive art walls, custom lighting, Italian porcelain floors, and hand-applied plaster walls. Comfort is enhanced throughout by radiant in-floor and in-wall heating and a fully integrated humidification system.</p> <p> The dramatic great room features a gas fireplace with a limestone surround, a large dining area, and a dry bar, all complemented by a Crestron-controlled lighting and audio system. Floor-to-ceiling, museum-grade UV-protected windows frame sweeping views of Gramercy Park, the Chrysler Building, and the Empire State Building.</p> <p> With approximately 12-foot custom-molded ceilings, the home includes three bedrooms, three bathrooms, a powder room, an eat-in kitchen, pantry, laundry room, home office, and dedicated HVAC and AV rooms.</p> <p> The kitchen blends precision and elegance, featuring Eggersmann stainless-steel base cabinetry with motorized upper cabinets, a Caesarstone island with seating, and top-tier appliances including a Wolf gas range with external exhaust, Miele ovens, dual dishwashers, steamer, and built-in espresso maker, alongside Sub-Zero refrigeration and wine storage.</p> <p> The primary suite is illuminated by natural light and open sunset views, offering two closets, a dressing room, and a spa-caliber en-suite bath finished in Olympic Gray marble with Dornbracht fixtures, a double vanity with TV mirror, deep soaking tub, and double shower. The second bedroom includes an en-suite bath with glass shower and decorative tile, while the third bedroom-currently configured as a media room-features acoustically enhanced windows and Lutron solar and blackout shades. A separate home office offers multiple workstations and direct lobby line access through a Panasonic commercial phone system.</p> <p> Additional features include a laundry room with full-size LG washer and dryer (externally vented), a comprehensive Crestron smart system with integrated speakers and subwoofers, and Lutron Grafik Eye lighting panels. The residence is powered by 208-volt, 3-phase commercial-grade electricity with its own ConEd meter, high-speed WiFi, and dual service from Spectrum and Verizon Fios. The advanced HVAC system provides hydronic radiant heating through floors and walls, seven-zone climate control, and variable refrigerant flow cooling across five independent zones.</p> <p> Residents of 240 Park Avenue South enjoy a full suite of amenities, including a 24-hour concierge and doorman, live-in superintendent, newly built 1,500-square-foot fitness center, children's playroom, and basketball court. Surrounded by Gramercy, Union Square, and Madison Square Park, this address represents downtown living at its most refined.</p>
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[PublicRemarks] => Spacious high-floor corner residence at Millennium Tower Residences in Battery Park City offering approximately 1,404 SF of luxury living with breathtaking views of the Manhattan skyline, Freedom Tower, Hudson River, and Battery Park from both the living room and private balcony.
This bright 2-bedroom, 2.5-bath home features floor-to-ceiling windows, Brazilian cherry hardwood floors, and refined finishes throughout. The custom white oak chef’s kitchen is equipped with premium appliances including Sub-Zero, Miele, and Viking, complemented by Pietra Bedonia stone countertops, a built-in wine cooler, and garbage disposal system. Additional conveniences include an in-unit washer and dryer.
The elegant primary bathroom offers a frameless glass shower and Kohler soaking tub, while all bathrooms feature marble finishes, mahogany cabinetry, and Dornbracht fixtures.
Millennium Tower Residences is one of Manhattan’s premier full-service green luxury condominiums, offering modern environmentally conscious living, on-demand heating and cooling, and excellent amenities and services.
Perfectly located near the Financial District, Tribeca, Brookfield Place, waterfront parks, and multiple subway lines (1/4/5/R), with easy access to Brooklyn, New Jersey, West Side Highway, and FDR Drive. Residents also enjoy a complimentary private shuttle service throughout Battery Park City, FiDi, and Tribeca.
Battery Park City offers a rare resort-like lifestyle in Manhattan with beautiful waterfront parks, bike paths, running trails, playgrounds, dog parks, sports courts, and year-round outdoor activities.
Currently tenant occupied. It is an excellent opportunity for investors or buyers seeking long-term value in one of downtown Manhattan’s most desirable waterfront communities.
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This bright 2-bedroom, 2.5-bath home features floor-to-ceiling windows, Brazilian cherry hardwood floors, and refined finishes throughout. The custom white oak chef’s kitchen is equipped with premium appliances including Sub-Zero, Miele, and Viking, complemented by Pietra Bedonia stone countertops, a built-in wine cooler, and garbage disposal system. Additional conveniences include an in-unit washer and dryer.
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