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324 E 86th St 7,250 SF 45% Leased Retail Building New York, NY 10028 For Sale
Executive Summary
arrange for the sale of 324 East 86th Street a 25,543
30,651 Zoning Floor Area (“ZFA”) development site
in the heart of The Upper East Side. The property is
coming to market for the first time since 1976. The
Site encompasses a 25’ wide, 2,554 square foot
lot situated on the south side of West 86th Street
between 1st and 2nd Avenues.
Currently, the site is improved by a 4,250 square foot,
two-story commercial building. The property can be
delivered vacant at closing, allowing purchasers an
ideal opportunity to either repurpose the existing
structure for their own use or utilize the 25,543-30,651
ZFA to build ground up new construction. The Site
falls within the C2-8A/R10A zoning district allowing
or a base FAR of 10.0 which expands to 12.0 under the
City of Yes, Universal Affordability Program (“UAP”).
The Upper East side has recently seen an increase
in new ground up-development, most of which
is geared toward the ultra-luxury for sale product
targeting sales north of $2,400 PSF. With the recent
introduction of City of Yes, rental developers will now
be able to compete with condominium developers
to deliver much needed housing for the city. 324
East 86th Street presents a unique opportunity for
developers to deliver either a boutique condominium
product targeting finished price points to an under
supplied portion of the market or a luxury new
rental property which benefits from a 35-year tax
abatement.
Property Facts
Amenities
- Bus Line
- Metro/Subway
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
APPROXIMATE SIZE: Ground Floor: 1,605 SF + 815 SF Mezzanine Selling Lower Level: 1,800 SF ASKING RENT: $26,500/Month POSSESSION: Arranged EASILY VENTED TERM: 10-15 Years FRONTAGE: 25 FT
APPROXIMATE SIZE: Ground Floor: 1,500 SF + 600 SF Mezzanine Selling Lower Level: 1,000 SF ASKING RENT: $26,500/Month POSSESSION: Arranged TERM: 10-15 Years FRONTAGE: 25 FT
APPROXIMATE SIZE: Ground Floor: 1,605 SF + 815 SF Mezzanine Selling Lower Level: 1,800 SF ASKING RENT: $26,500/Month POSSESSION: Arranged EASILY VENTED TERM: 10-15 Years FRONTAGE: 25 FT EASILY VENTED, GAS IN BUILDING, ONLY TWO STORIES
| Space | Size | Space Use | Position | Available |
| LL Selling | 1,800 SF | Retail | In-Line | Now |
| 1st Floor | 1,605 SF | Retail | In-Line | Now |
| Mezzanine | 600 SF | Retail | In-Line | Now |
LL Selling
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,605 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Mezzanine
| Size |
| 600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
LL Selling
| Size | 1,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
APPROXIMATE SIZE: Ground Floor: 1,605 SF + 815 SF Mezzanine Selling Lower Level: 1,800 SF ASKING RENT: $26,500/Month POSSESSION: Arranged EASILY VENTED TERM: 10-15 Years FRONTAGE: 25 FT
1st Floor
| Size | 1,605 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
APPROXIMATE SIZE: Ground Floor: 1,500 SF + 600 SF Mezzanine Selling Lower Level: 1,000 SF ASKING RENT: $26,500/Month POSSESSION: Arranged TERM: 10-15 Years FRONTAGE: 25 FT
Mezzanine
| Size | 600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
APPROXIMATE SIZE: Ground Floor: 1,605 SF + 815 SF Mezzanine Selling Lower Level: 1,800 SF ASKING RENT: $26,500/Month POSSESSION: Arranged EASILY VENTED TERM: 10-15 Years FRONTAGE: 25 FT EASILY VENTED, GAS IN BUILDING, ONLY TWO STORIES
Nearby Major Retailers
Property Taxes
| Parcel Number | 1548-0041 | Improvements Assessment | $730,224 CAD |
| Land Assessment | $419,385 CAD | Total Assessment | $1,149,609 CAD |
Property Taxes
Contacts
-
Teddy Galligan -
Jonathan Hageman -
Hall Oster -
Guthrie Garvin -
Conrad Martin -
Jacob Russell -
JLL
Presented by
324 E 86th St
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