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Avison Young - US - NY - New York

Avison Young - US - NY - New York

Avison Young - US - NY - New York
Property Details
- Property Type Other
- Property Size 11,572 SF
- Date Updated Aug 9, 2025
Avison Young, as the exclusive agent, is pleased to offer for sale three cash-flowing walk-up mixed-use properties in the heart of Manhattan’s highly desirable Upper East Side. Located at 1429 Third Avenue, 1012 Lexington Avenue and 1018 Lexington Avenue, the properties are comprised of eleven (11) residential units and five (5) commercial spaces across 11,572 square feet.
All three properties are meticulously maintained, and residents enjoy modern features including keyless entry fobs and intercom systems. The residential units, which are comprised of 5 studios and 6 one-bedrooms, are fully FM and are achieving very strong rents, with the average in place rent reaching $97/SF across the three properties. The retail tenant roster, includes Springbone Kitchen (1429 Third Avenue ground floor), Spa Niobe (1012 Lexington ground & second floor), Grace Deli (1018 Lexington ground floor), and Wo’s Bespoke Clothier (1018 Lexington second floor). With a combined 50 feet of frontage along these high-traffic corridors, the commercial units benefit from significant visibility and activity.
These Properties, available as a package or individually, offer investors a unique opportunity to acquire turnkey cash-flowing assets in one of New York City’s most desirable locales. Collectively, the three properties offer approximately 23,903 square feet of unused air rights, providing investors with meaningful long-term development flexibility.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% occupancy with strong rents across all buildings. Residential units are all thoughtfully renovated and FM
- 11 FM residential units and 5 retial units across 11,572 SF
- All three buildings are within a seven-block radius
- Total remaining air rights for the three buildings is approximately 23,903 SF
Getting around
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Location
- City New York, NY
- Neighborhood Yorkville
- Zip Code 10021
- Market Manhattan
Points of Interest
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83rd Street & 2nd Avenue at Northeast Corner
0.18 miles
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East 77th Street & Lexington Avenue at Northeast Corner
0.22 miles
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77th Street
0.23 miles
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East 77th Street & Lexington Avenue at Northwest Corner
0.23 miles
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East 77th Street & Lexington Avenue at Southeast Corner
0.23 miles
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East 77th Street & Lexington Avenue at Southwest Corner
0.23 miles
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East 86th Street & Lexington Avenue at Southeast Corner
0.28 miles
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East 86th Street & Lexington Avenue at Southwest Corner
0.29 miles
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86th Street & 2nd Avenue at Southeast Corner
0.29 miles
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East 86th Street & Lexington Avenue at Northeast Corner
0.29 miles
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ChargePoint
0.18 miles
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plugNYC
0.63 miles
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Shell
0.79 miles
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FLO
1.27 miles
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Mobil
1.28 miles
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Tesla Supercharger
1.33 miles
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Citgo
1.46 miles
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BP
1.48 miles
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Atlantic
1.57 miles
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Sunoco
1.72 miles
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Quik Park
0.36 miles
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Surrey Garage
0.40 miles
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iClean
0.42 miles
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Metropolitan Museum
0.43 miles
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Knickerbocker Plaza Car Park
0.56 miles
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Loeb Boathouse Parking Lot
0.63 miles
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Astor Terrace Parking Garage
0.65 miles
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Motorgate Public Parking Garage
0.88 miles
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Mount Sinai
0.93 miles
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MPG
0.96 miles
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The Franklin
0.32 miles
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The Carlyle
0.35 miles
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The Mark
0.37 miles
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The Surrey
0.42 miles
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Ronald McDonald House New York
0.49 miles
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Courtyard
0.63 miles
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The Gardens Sonesta ES Suites
0.84 miles
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Plaza Athénée
0.87 miles
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Lowell Hotel
0.96 miles
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The Palladin
0.97 miles
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Gristedes
0.08 miles
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Morton Williams
0.25 miles
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Agatha & Valentina
0.26 miles
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Fairway Market
0.26 miles
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Target
0.27 miles
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D'Agostino
0.29 miles
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Whole Foods Market
0.35 miles
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Nordstrom
0.38 miles
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Barneys New York
1.07 miles
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Bloomingdale's
1.07 miles
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.