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Mixed-Use

403 East 70th Street

403 E 70th St, New York, NY 10021

Listing Price: $5,950,000

Cap Rate
3.96%
Number of Units
20
Occupancy
100.0%
Price/Unit
$297,500
Price/Gross SF
$636.36
Gross SF
9,350

Investment Overview

Marcus & Millichap is the exclusive sales broker for 403 East 70th Street (“Property”), a mixed-use building on 70th Street between First and York Avenues on the Upper East Side. The Property contains seventeen one-bedroom apartments, one studio apartment, and two stores. Twelve of the eighteen apartments are rent regulated. The Property measures 25 feet by 80 feet totaling approximately 9,350 square feet and sits on a 25 by 100-foot R8 zoned lot (maximum 6.02 floor area ratio). The Property is located directly across from the Weill Cornell Medical Campus and New York Presbyterian Hospital. The property is a three-minute walk to the 72nd Street Subway Station (Q) and a five-minute walk to the 68th Street Subway Station (6).

Investment Highlights

  • Mixed-Use 25-Foot Building
  • 18 Apartments & 2 Stores
  • Near Q and 6-Train Subway Stations
  • Adjacent to Largest Hospital Campus in U.S.

Exclusively Listed By

Listing Price: $5,950,000

Cap Rate
3.96%
Number of Units
20
Occupancy
100.0%
Price/Unit
$297,500
Price/Gross SF
$636.36
Gross SF
9,350

Investment Highlights

  • Mixed-Use 25-Foot Building
  • 18 Apartments & 2 Stores
  • Near Q and 6-Train Subway Stations
  • Adjacent to Largest Hospital Campus in U.S.

Investment Overview

Marcus & Millichap is the exclusive sales broker for 403 East 70th Street (“Property”), a mixed-use building on 70th Street between First and York Avenues on the Upper East Side. The Property contains seventeen one-bedroom apartments, one studio apartment, and two stores. Twelve of the eighteen apartments are rent regulated. The Property measures 25 feet by 80 feet totaling approximately 9,350 square feet and sits on a 25 by 100-foot R8 zoned lot (maximum 6.02 floor area ratio). The Property is located directly across from the Weill Cornell Medical Campus and New York Presbyterian Hospital. The property is a three-minute walk to the 72nd Street Subway Station (Q) and a five-minute walk to the 68th Street Subway Station (6).

Exclusively Listed By

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