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300 E 23rd Street #1CGramercy Park, NY 10010
300 East 23rd Street
Asset ClassRetail
Square Feet11,145
Bank of America Credit-Backed Retail Condominium
overview of deal

Overview

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 300 East 23rd Street #1C, New York, NY 10010 (the“Property”)— retail condominium featuring an investment-grade Bank of America branch at grade and a vacant lower level providing future income upside.

 

The ground floor is occupied by Bank of America, operating under a long-term lease and serving as a full-service retail banking branch. The lower level is currently vacant, presenting investors with the opportunity to generate supplemental income through future lease-up.

 

Located in the heart of Gramercy Park, one of Manhattan’s most historic and affluent neighborhoods, the Property is positioned along East 23rd Street — a major crosstown retail corridor benefiting from strong pedestrian and vehicular traffic. The surrounding area features a dense mix of residential, office, and institutional demand drivers.

 

Ten-X Auction: April 20-22, 2026

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Investment Highlights

  • Bank of America - Investment Grade Credit Tenant
  • Long-Term Lease - Predictable Income Growth & Cash Flow
  • Modified Gross Structure - Limited Landlord Responsibilities
  • Gramercy Park - Historic & Affluent Gramercy Park Location
  • Future NOI Growth Potential - Vacant Lower Level Upside
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300 E 23rd Street #1CGramercy Park, NY 10010
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