A corner, walk-up, mixed-use building at 1431A York Avenue, located on the southwest corner of East 76th Street and York Avenue on Manhattan’s Upper East Side, was sold in an all-cash transaction valued at $5,600,000.
The building is approximately 12,000 square feet and sits on a 25’ x 100’ lot. The property contains 18 residential apartments and 2 retail units. Each of the residential apartments are one-bedroom units, but could potentially be converted to two-bedrooms. Additionally, there are approximately 13,000 square feet of available air rights. The sale price equates to approximately $467 per square foot.
“We received a tremendous amount of interest on this building due to its excellent corner exposure, established income, and upside potential,” said Massey Knakal First Vice President of Sales Guthrie Garvin who exclusively represented the seller in this transaction with Massey Knakal Partner John F. Ciraulo.
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Neighborhoods: Upper East Side/ Agents: John Ciraulo