1571-1573 3rd Avenue, New York, NY 10128

For Sale

1571 3rd Avenue, New York, New York, 10128, New York, NY 10128

This New York property for sale is located at 1571 3rd Avenue, New York, New York, 10128. The general use of 1571-1573 3rd Avenue, New York, NY 10128 is unassigned and it incorporates 17,560 square feet of class C7 unassigned space. The current listed sale price for 1571-1573 3rd Avenue, New York, NY 10128 is $10,400,000.

Contacts

broker

Brett Weisblum

Cushman & Wakefield

(212) 660-7784

broker

Damani Strasner

Cushman & Wakefield

(212) 589-5145

broker

Will Conrad

Cushman & Wakefield

(212) 660-7740

Property Details

  • Property Type Unassigned
  • Property Size 17,560 SF
  • Building Class C7
  • Date Updated Mar 2, 2024
BID DEADLINE - JANUARY 12, 2022

Cushman & Wakefield has been exclusively retained to arrange for the sale or NNN lease of 1571-1573 Third Avenue – two contiguous 25’ wide mixed-use buildings located in the Upper East Side neighborhood of Manhattan. The subject properties are located on the east side of Third Avenue between East 88th and 89th Streets. Spread across 17,560 gross square feet, the buildings are currently configured as 20 total residential apartments (separate entrances for each building) above an interconnected retail store that spans both buildings. Of the 20 residential units, 17 are Free Market, 2 are Rent Stabilized, and 1 is Rent Controlled, which is vacant. There is a varied unit mix with a combination of 10 studios, 6 one-bedroom, and 4 two-bedroom apartments. Wankel’s Hardware Store, the current owner/occupier, has been in business for over 125 years. The air rights for the buildings have been sold.

The buildings are an excellent opportunity for an investor to acquire or NNN lease a 50’ wide mixed-use building at an attractive basis in the coveted Upper East Side neighborhood. The building appeals to a wide variety of different investment opportunities. For the passive, long-term investors, it is a rare opportunity to add a mixed-use building to your portfolio. For value-add investors, there is tremendous upside in the in-place rents as well as the retail. A new investor can realize immediate upside through the implementation

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Getting around

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Location

  • City New York, NY
  • Neighborhood Yorkville
  • Zip Code 10128
  • Market Manhattan

Points of Interest

  • East 86th Street & Lexington Avenue at Northeast Corner

    0.15 miles

  • 86th Street

    0.16 miles

  • East 86th Street & Lexington Avenue at Southeast Corner

    0.16 miles

  • 86th Street & 2nd Avenue at Northeast Corner

    0.17 miles

  • East 86th Street & Lexington Avenue at Northwest Corner

    0.17 miles

  • East 86th Street & Lexington Avenue at Southwest Corner

    0.17 miles

  • 86th Street & 2nd Avenue at Southeast Corner

    0.18 miles

  • 83rd Street & 2nd Avenue at Northeast Corner

    0.28 miles

  • 94th Street & 2nd Avenue at Southwest Corner

    0.29 miles

  • 94th Street & 2nd Avenue at Northeast Corner

    0.32 miles

  • ChargePoint

    0.20 miles

  • Shell

    0.44 miles

  • plugNYC

    0.54 miles

  • Mobil

    0.91 miles

  • ChargePoint

    1.25 miles

  • Tesla Supercharger

    1.46 miles

  • Shell

    1.49 miles

  • Mobil

    1.52 miles

  • Mobil

    1.55 miles

  • ChargePoint

    1.55 miles

  • Quik Park

    0.11 miles

  • Knickerbocker Plaza Car Park

    0.19 miles

  • Astor Terrace Parking Garage

    0.27 miles

  • Mount Sinai

    0.57 miles

  • MPG

    0.58 miles

  • Metropolitan Museum

    0.60 miles

  • Surrey Garage

    0.66 miles

  • iClean

    0.80 miles

  • Motorgate Public Parking Garage

    1.10 miles

  • Edison ParkFast

    1.16 miles

  • The Franklin

    0.08 miles

  • Courtyard by Marriott

    0.34 miles

  • House ZAZA

    0.62 miles

  • The Mark

    0.65 miles

  • The Carlyle

    0.67 miles

  • The Surrey

    0.72 miles

  • International Student Center

    1.03 miles

  • The Gardens Sonesta ES Suites New York

    1.22 miles

  • Plaza Athénée

    1.24 miles

  • Park View Hotel

    1.25 miles

  • Whole Foods Market

    0.04 miles

  • Gristedes

    0.11 miles

  • Target

    0.15 miles

  • Fairway Market

    0.15 miles

  • Key Food

    0.22 miles

  • Westside Market

    0.23 miles

  • C-Town

    0.25 miles

  • Morton Williams

    0.30 miles

  • Gristedes

    0.31 miles

  • Prime Gourmet Market

    0.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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