220-226 East 53rd Street
New York, NY
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
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