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1594 York AveNew York, NY 10028
1594 York Avenue
Asset ClassMultifamily
11-unit multifamily building with corporate-leased ground floor retail
overview of deal

Overview

91% Free Market Residential: 10 of the 11 residential units are free market, allowing for market rent growth.

 

National Credit Tenant with Corporate Guaranty: 7-Eleven has a long-term lease in place until 2035, as well as a corporate guaranty on the lease.

 

Significant Air Rights: 1594 York Avenue is zoned R10, the highest residential zoning possible, allowing for a maximum floor-to-area ratio of 10.00. With an as-built floor-to-area ratio of 4.76, the property benefits from 12,850 additional square feet of air rights.

 

Prime Location: Nestled in the Yorkville neighborhood of the Upper East Side between East 84th and East 85th Street, the property is located in a highly coveted residential enclave that offers convenient access to a riverside park as well as nearby transportation.

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1594 York AveNew York, NY 10028

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Listing provided by Revere CRE