1599 York Ave - Storefront Retail/Residential FOR SALE


New York, NY 10028- Yorkville
$4,400,000 USD
646-805-1444
1599 York Ave, New York, NY for Sale
$4,400,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 5.09% Cap Rate

1599 York Ave
New York, NY 10028
Yorkville


OVERVIEW

Marcus & Millichap is the exclusive sales broker for 1599 York Avenue (“Property”), a walk-up apartment building on York Avenue between 84th and 85th Streets on the Upper East Side. The Property contains one commercial space, eight apartments and is in tax-class 2B. The commercial space is vented, currently occupied by a restaurant, includes a full basement prep area and is approximately 1,400 square feet above-grade. The apartments are one-bedrooms with front-to-back layouts; six are free-market and two are rent-stabilized. The building measures 25 feet by 66 feet totaling approximately 7,375 square feet and sits on a 25 by 75-foot R10-zoned lot with 11,300 square feet of unused development rights. The Property is a two-block walk to the 86th Street/Second Avenue subway station (Q-train) and four blocks to the 86th Street/Lexington Avenue subway station (6-train). The Property is a close to the First and Second Avenue retail corridors and a short distance from Carl Schurz Park, Asphalt Green and the East River.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$596 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R10

APN/PARCEL ID

1564-0025

ASK ABOUT THIS PROPERTY

Dylan ToreyMarcus & MillichapMore Info
646-805-1444

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Dylan ToreyMarcus & MillichapMore Info
646-805-1444

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