Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. January 4, 2016 3:58 PM
The York Avenue Assemblage, New York, NY 10028 Prime Upper East Side Development Site, 86th Street & York Avenue | FOR SALE E
DG
RI ST B
2
145 Bx19 to Botanical
75,095
Garden via Southern Blvd
175'
Buildable SF
Upper East Side
Retail Frontage
Location
GE
W 139 ST
RID AV B
N
ISO
MAD
W 137 ST
TH
NOR Property Information RO MET 4 Bx
1
33
5
1622-1632 York Avenue, New York, NY 10028
6
THE BRONX
1
Bx
15
98
1582 / 52, 151, 51, 150, 149, 50
98
to Fordham 102.17' xBx15 73.5'
RID GE
Lot Dimensions
Bx15 from Fordham Plaza
WI LLI SA VB
RID G 3A
VB
Block / Lot 1
W 130 ST
Southeast corner of York Avenue and East 86th Street
E
Location
Lot Size 4 5
NORTH
LUTHER KING BLVD
Bx
35
35
E 126 ST
125 St
E 125 ST
103
100
75,095 1 AV
3 AV
116
Investment Highlights 116 102
W 116 ST
60 35
EAST $235,880 HARLEM
98 101
LEXINGTON AV
PARK AV
6
$1,663,491
2 AV
MADISON AV
5 AV
116 ST
AV
Taxes (15/16)
O
E 120 ST
IN
22,467
101 103
Assessment (15/16)
AD
Existing Footage
35
Sq. Ft. (Approx.) RANDALL’S Sq. Ft. (Approx.) ISLAND
L PA
MT MORRIS PARK W
R10A / C1-5 10.00ROBERT F. KENNEDY BRIDGE
15
E 124 ST Buildable Area (as-of-right)
MARCUS GARVEY PARK
Sq. Ft. (Approx.)
15
6
FAR
100 101
Plaza via Third Av
7,509
METRO Zoning Bx
60 15
ROBERT F. KENNEDY BRIDGE
Address
Bx
33
PLEASANT AV
W 135 ST
E 116 ST
35
ICAHN STADIUM
3D View
116
102
Ariel Property Advisors presents 1622-1632 York Avenue, a prime mixed-use development opportunity with 175’ of retail frontage located on the southeast corner of York Avenue and East 86th Street. R10A/ JEFFERSON C1-5 zoning provides approximately 75,095 buildable sq. ft., as-of-right, for a new mixed use building. E 112 ST Additionally, developers can increasePARK the size of the project to 90,012 square feet with inclusionary housing. 1
1
W 112 ST
15
2
E 110 ST
E 110 ST
WARD’S that contain 18 residential units and 5 The assemblage is currently encumbered by 6 walkup buildings 110 ST ISLAND retail units. All retail leases have demolition clauses. Of the residential units, 16 are free market and 2 are rent regulated. 6
DISCOVERY ENTRAL
2
1
4
3
HARLEM MEER
2
1
4
3
15
106
E 106 ST
E 106 ST
The York Avenue Assemblage is conveniently accessible via the 4, 5, 6 train on Lexington Avenue, the E 105 ST East 90th Street Ferry and the nearby FDR Drive. The property will also greatly benefit from its ideal loE 104 ST cation a short walk the upcoming Second Avenue Subway, which is expected to open in December of 6 ROB 103 ST ERT 2016. The property is also surrounded by several premier private schools, including the Loyola School, F. K E 102 ST ENN Regis High School and the Dalton School. EDY 106
FDR DRIVE
MUSEO DEL BARRIO UO OF THE F NEW YORK
1
3
4 106
3
1
60
101 102
BRID
103 98
4 106
GE
5 AV
E 100 ST Notable residential developments nearby include 1711 First Avenue (34-story, 78 unit building), CarnM60 LaGuardia egie Park at 94th Street and First Avenue (30-story, 300 unit building) and 1681-1689 Third Airport Avenue (23-story, 90 unit tower). With exceptional scale, easy accessibility and a prime corner location in a E 97 ST thriving residential neighborhood, the York Avenue Assemblage stands out as a premier Manhattan development opportunity. E 96 ST E 96 ST 101 102 103 98
RK
96
96
6 96 ST
Tax Map
E 94 ST 31 86
East 86th Street
E 89 ST
4 5 6
86
E 86 ST
YORKVILLE
CARL SCHURZ PARK
YORK AV
E 83 ST
EAST END AV
E 84 ST
METROPOLITAN MUSEUM OF ART 1 3
E 80 ST
4 79
E 79 ST
UPPER EAST Michael A. Tortorici SIDE 101 102 103 98
6
77 ST
LEXINGTON AV
E 77 ST
WHITNEY MUSEUM
212.544.9500 x13
72
E 72 ST
[email protected] ASIA SOCIETY 101 102
3
103 98
4
68 St Hunter College
6
3 AV
1
79
Asking Price: $49,000,000 Q
102
ELT Contact Our Exclusive Sales Agents ROOSEV For More Information Please QUEENS ISLAND JOHN JAY PARK
E 75 ST
31
Victor Sozio
Shimon Shkury
212.544.9500 x12
212.544.9500 x11
[email protected] E 71 ST
[email protected] Q
102
E 72 ST
72
E 70 ST
Howard Raber, Esq.
Randy Modell
Jesse Deutch
212.544.9500 x23
212.544.9500 x17
212.544.9500 x18
[email protected] [email protected] [email protected] Q102 to Astoria 27 Av - 2St
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.nyc E 68 ST
66
DR DRIVE
5 AV
E 79 ST
1582
East 85 Street th
MAIN ST
E 83 ST
FRICK OLLECTION
York Avenue
GRACIE MANSION
Subject Property
50 149 150 51 151 52
East End Avenue
1 AV
3 AV
2 AV
E 92 ST E 91 ST
86 ST
86
86
LEXINGTON AV
COOPER-HEWITT MUSEUM NAL ACADEMY MUSEUM GUGGENHEIM MUSEUM
PARK AV
WISH MUSEUM
MADISON AV
Location Map