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220-226 East 53rd Street 4 Properties Offered at $21,500,000 in New York, NY
Investment Highlights
- Fully Occupied Mixed-Use Portfolio
- Significant Mark-to-Market Opportunity with 96% FM Units
- Scale of Acquisition
- Prime Midtown East Location
- Stable Commercial Tenancy with a 3.5 Year WALT
- Attractive Unit Mix
Executive Summary
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.
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Property Facts
| Price | $21,500,000 | Number of Properties | 4 |
| Price / SF | $770.61 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 27,900 SF |
| Status | Active | Total Land Area | 0.22 AC |
| Price | $21,500,000 |
| Price / SF | $770.61 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 27,900 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 226 E 53rd St, New York, NY 10022 | Multifamily | 16,920 SF | 1900 | - |
| 224 E 53rd St, New York, NY 10022 | Multifamily | 4,210 SF | 1900 | - |
| 220 E 53rd St, New York, NY 10022 | Retail | 3,490 SF | 1900 | - |
| 222 E 53rd St, New York, NY 10022 | Retail | 3,280 SF | 1900 | - |
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