245 East 81st Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10028

Photos

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Investment Figures

Cap rate
2.80%

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 245 East 81st Street, a four-story mixed-use walk-up located in the heart of Yorkville on Manhattan’s Upper East Side. The property sits on a 20’ x 62’ lot (Block: 1527 and Lot: 121) and comprises approximately 3,932 gross square feet. The building contains five free market residential units and two ground-floor retail spaces, all of which will be delivered vacant at closing. The property is zoned C1-9 / R10 equivalent, with 12,430 buildable square feet and 8,502 square feet of unused air rights. Investment Highlights: • 245 East 81st Street is a 4-story mixed-use asset with significant development upside in Yorkville, Manhattan • Delivered 100% Vacant | 12,430 Buildable SF | Zoning: C1-9 / R10 | Tax Class: 2B Protected | 8,502 SF of Unused Air Rights • Nearby amenities include Equinox, Fairway Market, Sette Mezzo, and Jones Wood Foundry. Transportation is convenient via the Q train at 86th Street & multiple MTA bus routes along York, 1st, & 2nd Ave.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 2.8% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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