1685 First Avenue — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10128

Investment Figures

Cap rate
6.00%

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 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.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 6.0% 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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