1479 York Avenue, HOUSE
New York, NY 10075
Upper East Side

Off Market

Property Type
Estimated Size
7,500 ft²
Price per ft²
0 Bedrooms
0 Bathrooms
Home Style
TH Single Family
Common Charges
Tax Deduction
Financing Allowed
New Development
1479 York Avenue
Building Year
Building Floors
5 floors
Building Units
Middle School
Elementary School
PS 158
Days on RealDirect

1479 York Avenue is a twenty five (25) foot wide, five (5) story mixed-use building located in the heart of Yorkville on the west side of York Avenue between East 78th and East 79th Street that is poised to benefit from the completion of the Second Avenue Subway. The building is comprised of a ground floor restaurant and 9 residential units (7 Free Market, 1 Rent Stabilized, and 1 Rent Controlled) as well as two gas boilers, one for the restaurant and one for the residential units. There is upside in both the commercial and residential rents that can be realized immediately due to a demolition clause in the store lease that gives the owner the right to terminate upon 90 days notice for $150,000 (commencing 7/1/2014, this amount is reduced by $2,083/month), as well as the large number of Free Market units upstairs. This, combined with the 11,250 square feet of remaining development rights, makes the property ideal for a user and/or developer.


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Listing History

July 15, 2015 Delisted $6,750,000
Feb. 27, 2015 Delisted $6,750,000

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