Overview

  • Asking Price $21,500,000
  • Total Square Footage 27,900 SF
  • Total Units 32
  • Neighborhood Midtown East

Avison Young, as exclusive agent, is pleased to offer for sale 220-226 East 53rd Street (the “Portfolio”), a rare opportunity to acquire a fully occupied mixed-use asset comprised of four contiguous buildings in the heart of Midtown East. Located on the South side of East 53rd Street between 2nd and 3rd Avenues, the Portfolio features a diverse blend of street-level retail, commercial space, and predominantly free-market residential apartments. Providing investors with stable in-place cash flow, long-term income durability, and significant embedded upside through future rent growth.

Highlights

Fully Occupied Mixed-Use Portfolio

Prime Midtown East Location

Significant Mark-to-Market Opportunity with 96% FM Units
Stable Commercial Tenancy with a 3.5 Year WALT

Scale of Acquisition

Attractive Unit Mix

Team

David Shalom

David Shalom

Director
Avison Young - US - NY - New York
Ryan McGuirl

Ryan McGuirl

Director
Avison Young - US - NY - New York