123 E 86th St - Bank FOR SALE


New York, NY 10028- Carnegie Hill
$22,000,000 USD
123 E 86th St, New York, NY for Sale
$22,000,000 USD
Bank - FOR SALE
1/3
null | Request Cap Rate

123 E 86th St
New York, NY 10028
Carnegie Hill


HIGHLIGHTS

  • Located on East 86th Street in the Upper East Side's Carnegie Hill neighborhood, surrounded by a diverse mix of residential, retail, and office.
  • Positioned along a major Manhattan corridor with convenient access to public transportation, neighborhood amenities, and healthcare institutions.

OVERVIEW

123 E 86th Street presents an opportunity to acquire a commercial asset in Manhattan's Upper East Side, one of New York City's most established and densely developed neighborhoods. Situated along East 86th Street in the Carnegie Hill section of the Upper East Side, the property benefits from a location surrounded by a broad mix of retail, office, residential, dining, and service-oriented businesses that support consistent neighborhood activity throughout the day. Originally constructed in 1927, the building contains approximately 9,300 square feet and is improved as a commercial office property. Its position along a major east-west corridor places it within walking distance of the area's extensive transportation network, including the 86th Street transit corridor and key connections to the rest of Manhattan. The surrounding neighborhood is characterized by a combination of affluent residential communities, institutional uses, neighborhood retail, and nationally recognized businesses, creating a diverse base of consumers, employees, and visitors. For investors, the property's location within a mature and supply-constrained Manhattan submarket offers the potential to capitalize on long-term demand drivers associated with the Upper East Side. The corridor's established commercial presence, strong pedestrian activity, and proximity to major employment, healthcare, cultural, and residential destinations contribute to the property's enduring relevance within the market. Whether considered as a long-term hold, repositioning opportunity, or owner-user investment, 123 E 86th Street benefits from a location that has historically supported a wide range of commercial uses in one of New York City's most recognized neighborhoods.

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$2,366 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citibank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,023 SF

ZONING

C5-1A

APN/PARCEL ID

1515-0012

ASK ABOUT THIS PROPERTY

Tony ParkPD Properties, LLCMore Info

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Tony ParkPD Properties, LLCMore Info

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