340 East 23rd Street

Avison Young, as exclusive agent, is pleased to offer for sale a premier retail condominium located at 340 East 23rd Street on the south side of East 23rd Street between First and Second Avenues in the heart of Gramercy Park, one of Manhattan’s most historic and desirable neighborhoods.

Positioned at the base of a luxury residential condominium developed in 2007, the property benefits from strong visibility with consistent foot and automobile traffic along a key east-west thoroughfare. The retail condominium features 9,250 SF on the ground floor and 4,000 SF in the lower level, totaling 13,250 SF.

The condominium is 100% leased to CVS Pharmacy, a leading national drugstore chain, under a long-term NN lease structure. The tenant is responsible for all expenses except for the condominium common area maintenance (CAM) fees, ensuring minimal landlord obligations.