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415 Third Ave
New York, NY 10016
Multifamily Property For Sale
·
7 Units
Executive Summary
415 Third Avenue (a/k/a 201 East 29th Street), a 4-story mixed-use property located on the northeast corner of Third Avenue and East 29th Street in the Kips Bay neighborhood. The 5,844 square foot property’s ground floor retail is leased to Fumo Restaurant. Fumo has three existing locations, 1600 Amsterdam, 1626 2nd
Avenue, and 2791 Broadway. The upper floors consist of six apartments, two per floor, with three larger two-bedroom units in the front and three one-bedroom units in the rear. The residential units are newly renovated and have in-unit washer and dryers. 415 Third Avenue stands out prominently on the avenue with its tremendous corner presence and wraparound frontage. Situated amongst numerous under-built adjacent buildings, 415 Third Avenue is an integral corner parcel to any future larger development. The property sits in a C2-8 zoning district with an R10 equivalent and is under-built, containing approximately 8,793 square feet of unused air rights. The site can hold a maximum of 14,630± buildable square feet for a future mixed-use development.
Avenue, and 2791 Broadway. The upper floors consist of six apartments, two per floor, with three larger two-bedroom units in the front and three one-bedroom units in the rear. The residential units are newly renovated and have in-unit washer and dryers. 415 Third Avenue stands out prominently on the avenue with its tremendous corner presence and wraparound frontage. Situated amongst numerous under-built adjacent buildings, 415 Third Avenue is an integral corner parcel to any future larger development. The property sits in a C2-8 zoning district with an R10 equivalent and is under-built, containing approximately 8,793 square feet of unused air rights. The site can hold a maximum of 14,630± buildable square feet for a future mixed-use development.
Property Facts
| Price Per Unit | $1,128,571 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.51% | Lot Size | 0.04 AC |
| No. Units | 7 | Building Size | 5,844 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | C2-8 - Commercial district predominantly residential in character | ||
| Price Per Unit | $1,128,571 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,844 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Zoning | C2-8 - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Number | 0910-0001 | Improvements Assessment | $538,492 |
| Land Assessment | $226,606 | Total Assessment | $765,098 |
Property Taxes
Parcel Number
0910-0001
Land Assessment
$226,606
Improvements Assessment
$538,492
Total Assessment
$765,098
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