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Multifamily

1566 3rd Ave

1566 3rd Ave, New York, NY 10128

Listing Price: $10,000,000

Cap Rate
5.00%
Number of Units
9
Price/Unit
$1,111,111
Price/Gross SF
$1,595.66
Gross SF
6,267

Investment Overview

New York Multifamily is pleased to offer the following opportunity on the Upper East Side. 1566 Third Avenue is in bustling Carnegie Hill on the corner of Third Avenue and East 88th Street. The property contains a gross square footage of 6,267. The property is zoned C1-9.

Investment Highlights

  • Strong in place income from a credited retail tenant, Blue Mercury, backed by Macy's
  • Assumable mortgage with favorable terms and rate & Rare corner opportunity with 99' of wraparound frontage on one of the hottest retail corridors of the UES
  • 5/8 residential units to be delivered vacant & 88% Free Market.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Multifamily

1566 3rd Ave

Listing Price: $10,000,000

Cap Rate
5.00%
Number of Units
9
Price/Unit
$1,111,111
Price/Gross SF
$1,595.66
Gross SF
6,267

Investment Highlights

  • Strong in place income from a credited retail tenant, Blue Mercury, backed by Macy's
  • Assumable mortgage with favorable terms and rate & Rare corner opportunity with 99' of wraparound frontage on one of the hottest retail corridors of the UES
  • 5/8 residential units to be delivered vacant & 88% Free Market.

Investment Overview

New York Multifamily is pleased to offer the following opportunity on the Upper East Side. 1566 Third Avenue is in bustling Carnegie Hill on the corner of Third Avenue and East 88th Street. The property contains a gross square footage of 6,267. The property is zoned C1-9.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

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