Mixed-Use Land for Sale in New York, New York

Avison Young, as the exclusive agent, is pleased to offer for sale 1429 Third Avenue (the "Property"), a fully occupied cash-flowing walk-up mixed-use property in the heart of Manhattan's highly desirable Upper East Side. Located on the eastern side of the block between East 80th and 81st Streets on the Upper East Side, the 4-story property is 3,288 SF and is comprised of fully vented retail at grade and three FM one bed/one bath residential units above. The retail tenant is Springbone Kitchen, a reputable healthy fast-casual tenant founded in 2016, and they occupy the 975 SF ground floor space until October 2034 paying $215/SF. The above residential component features beautifully maintained renovated units which feature in-unit washer/dryers, dishwashers, and king-sized bedrooms with 2 large windows and self-controlled A/Cs with an average in-place rent of $73/SF. The building is 100% occupied.

• 100% occupancy with strong in-place rents
• Residential units are all thoughtfully renovated and 100% FM
• Retail fully leased to Springbone Kitchen through 2034
• Situated in the heart of the highly desirable Upper East Side submarket along the highly trafficked Third Avenue