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

Off Market

Property Type
House
Estimated Size
7,500 ft²
Price per ft²
$900
Bedrooms
0 Bedrooms
Bathrooms
0 Bathrooms
Home Style
TH Single Family
Common Charges
N/A
Taxes
$47,418
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
1479 York Avenue
Building Year
N/A
Building Floors
5 floors
Building Units
N/A
Middle School
167
Elementary School
PS 158
Days on RealDirect
N/A

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.

Features

  • Investor

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

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

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