Investment 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.