415 Third Avenue, New York, NY 10016

Cushman & Wakefield has been exclusively retained to arrange for the sale of 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 5,746± square foot property’s ground floor retail will be delivered vacant. 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. There are four Rent Stabilized units and two Fair Market units providing imminent upside potential. The 2nd floor will be delivered vacant.

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 underbuilt, containing approximately 8,620 square feet of unused air rights. The site can hold a maximum of 14,366± buildable
square feet for a future mixed-use development. 415 Third Avenue presents an exceptional opportunity for a restaurant user or an investor to control a premium corner property in a highly desirable neighborhood.