324 E 18th St, New York, NY 10003

GRAMERCY TOWNHOUSE OPPORTUNITY NEW TO MARKET! A fabulous opportunity to secure a 21-foot-wide brick townhouse ideally situated on a picturesque, tree-lined block in coveted Gramercy, around the corner from Stuyvesant Square and moments from Gramercy Park. Built in the late 1800s and delivered vacant, this exceptional property offers a blank canvas from which to create a magnificent single-family residence or an income-producing investment property, with generous proportions, substantial development potential and the freedom to reconfigure and customize the interiors according to the vision and needs of its next owner. The existing structure measures approximately 21 feet wide by 46 feet deep and occupies a 21-foot by 92-foot lot, providing more than 3,800 SF across four floors, in addition to a cellar and a large private garden. With more than 5,700 SF of maximum buildable floor area above grade, subject to all applicable approvals, the property offers extraordinary potential for expansion and transformation, whether conceived as a grand private home or a beautifully reimagined multifamily residence. Well prepared for its next chapter, the townhouse benefits from a newly installed roof, several newly replaced windows and extensive recent masonry improvements, including new brickwork on its front and rear facades and the application of a hydrophobic protective coating. Attached here is a proposed floorplan demonstrating a single family home with 4 bedrooms and an elevator, as