1429 Third Ave - Apartments FOR SALE


New York, NY 10028- Yorkville
$3,800,000 USD
212-230-5999
1429 Third Ave, New York, NY for Sale
$3,800,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1429 Third Ave
New York, NY 10028
Yorkville


HIGHLIGHTS

  • 100% occupancy with strong in-place rents
  • Residential units are all thoughtfully renovated and 100% FM
  • Retail fully leased to Springbone Kitchen through 2034
  • Situated in the heart of the highly desirable Upper East Side submarket along the highly trafficked Third Avenue

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 1429 Third Avenue (the “Property”), a fully occupied cash-flowing walk-up mixed-use property in the heart of Manhattan’s highly desirable Upper East Side. Located on the eastern side of the block between East 80th and 81st Streets on the Upper East Side, the 4-story property is 3,288 SF and is comprised of fully vented retail at grade and three FM one bed/one bath residential units above. The retail tenant is Springbone Kitchen, a reputable healthy fast-casual tenant founded in 2016, and they occupy the 975 SF ground floor space until October 2034 paying $215/SF. The above residential component features beautifully maintained renovated units which feature in-unit washer/dryers, dishwashers, and king-sized bedrooms with 2 large windows and self-controlled A/Cs with an average in-place rent of $73/SF. The building is 100% occupied.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$1,124 USD /SF

# OF UNITS

4

PRICE/UNIT

$950,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,089 SF

ZONING

C1-9,Manhattan, (S3)

APN/PARCEL ID

1526-0046

ASK ABOUT THIS PROPERTY

Mitchell LevineAvison YoungMore Info
212-230-5999

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Mitchell LevineAvison YoungMore Info
212-230-5999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.