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| 1313--1315 Third Avenue, Upper East Side, Manhattan, NY |
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| John Stewart |
NEW YORK, NY – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
it has the exclusive right to market for sale 1313-1315 Third Ave., a five-story, walk-up, mixed-use building on
Manhattan’s Upper East Side. The listing price is $45 million.
John Stewart and Michael Sadowsky in Marcus & Millichap’s
Manhattan office are representing the seller.
“In addition to the existing
apartments and retail, the property has 34,960 square feet of development
rights,” says Stewart. “The building is neither landmarked nor part of a
historic district, and the retail tenant has a demolition clause in its lease.”
The mixed-use investment real
estate asset is located between 75th Street and 76th Street at 1313-1315 3rd
Ave. with 56 feet of frontage on Third Avenue in New York City. The building
contains 32 residential units and one commercial unit.
There are 31 one-bedroom apartments and one
studio. One unit is rent controlled and five are rent stabilized. The remaining
apartments are market rate. The commercial tenant, Citarella, occupies
approximately 5,250 square feet.
For a
complete copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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