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Mixed-Use

1685 First Avenue

1685 1st Ave, New York, NY 10128

Listing Price: $18,500,000

Cap Rate
6.00%
Number of Units
29
Occupancy
100.0%
Price/Unit
$637,931
Price/Gross SF
$1,095.39
Gross SF
16,889

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 1685 First Avenue, a mixed-use building located in Yorkville on the Upper East Side. Situated on the east side of First Avenue between East 87th and East 88th Streets, the property contains 27 residential units and 2 commercial units across approximately 16,889 square feet. The property sits on a 40.25’ by 100’ lot (Block 1550, Lot 25) and is built 40’ by 84’ feet. The zoning is R10, C1-5.

Investment Highlights

  • 1685 First Avenue, built in 1915, contains 27 residential units, 2 commercial units, spanning 26,889 SF.
  • Tax Class: 2 | Zoning; R10, C1-5 | Max FAR 10.0
  • 1685 First Avenue has multiple transportation options, including the Q train at 86th Street and the 4, 5, and 6 trains at 86th Street and Lexington Avenue.

Exclusively Listed By

Mixed-Use

1685 First Avenue

Listing Price: $18,500,000

Cap Rate
6.00%
Number of Units
29
Occupancy
100.0%
Price/Unit
$637,931
Price/Gross SF
$1,095.39
Gross SF
16,889

Investment Highlights

  • 1685 First Avenue, built in 1915, contains 27 residential units, 2 commercial units, spanning 26,889 SF.
  • Tax Class: 2 | Zoning; R10, C1-5 | Max FAR 10.0
  • 1685 First Avenue has multiple transportation options, including the Q train at 86th Street and the 4, 5, and 6 trains at 86th Street and Lexington Avenue.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 1685 First Avenue, a mixed-use building located in Yorkville on the Upper East Side. Situated on the east side of First Avenue between East 87th and East 88th Streets, the property contains 27 residential units and 2 commercial units across approximately 16,889 square feet. The property sits on a 40.25’ by 100’ lot (Block 1550, Lot 25) and is built 40’ by 84’ feet. The zoning is R10, C1-5.

Exclusively Listed By

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