$8,600,000
Updated 8 years ago
Off Market

1122 Third Ave

Upper East Side, Manhattan | East 65th Street & East 66th Street

4,100 Square FeetIncome Property

$8,600,000
floors / apts4 / 7
Lot Size20'x65'
Built Size20'x50'
ZoneC1-9
Building TypeTownhouse
RE Taxes$125,963
Price Per SF
$2,098

Building Amenities

  • Voice Intercom

Property Description for 1122 Third Ave

The subject property is a 20’ wide, four-story, mixed-use building located on the west side of Third Avenue between 65th Street and 66th Street. The building features a ground floor retail unit that is occupied by True Religion, a high-end denim company, and six studio apartments on the floors above. Of the six residential units five are free market while the remaining is rent stabilized. The property is positioned in an exceptionally strong retail corridor with national retailers such as Lululemon, Pier 1 Imports, Nike, Starbucks and major banking institutions including Bank of America and TD Bank all within close proximity. Located in the heart of the Upper East Side, 1122 Third Avenue has excellent access to transportation as it is within a short walking distance to the and subway lines at 59th Street as well as the subway line at 63rd Street. Additionally, the property benefits from access to several major medical facilities including Manhattan Eye, Ear and Throat, Memorial Sloan Kettering and Weill Cornell Medical College. This represents an excellent opportunity to acquire an income producing asset containing significant long-term upside potential within one of the most desirable and connected areas of Manhattan.

Listing History for 1122 Third Ave

Now
02/08/2019
POM by Michael Gembecki
Cushman & Wakefield
2019

Building Details for 1122 Third Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/7
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/63 St
0.14 miles
68 St-Hunter College
0.17 miles
Lexington Av/59 St
0.28 miles
59 St
0.31 miles
72 St
0.35 miles

Citi Bike

E 65 St & 2 Ave
0.11 miles
E 68 St & 3 Ave
0.13 miles

Contact Agent

Contact Agent

Michael Gembecki
Cushman & Wakefield

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63332TH