1641 York Avenue — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10028

Investment Figures

Cap rate
6.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale 1641 York Avenue, located in the Yorkville neighborhood of the Upper East Side. Located on the West side of York Avenue between East 87th Street and East 86th Street, 7-unit mixed-use property is comprised of approximately 6,250 square feet. This property sits on a 20’ x 75’ lot (Block:1566 and Lot: 126) and is built 20’ x 75’ . The property is zoned R10A & C1-5. Investment Highlights: • 1641 York Avenue built in 1930, is a 5-story mixed-use building featuring 20 feet of avenue frontage on York Avenue, and comprises of 6 residential apartments and one ground-floor retail unit. • All Residential Units are Free Market | Tax Class: 2B | Zone R10A & C1-5 • 1641 York Avenue sits just steps from the serene East River Esplanade, convenient transportation options include the Q train at 86th Street and multiple bus routes along York and First Avenues.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 100 days. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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