1594 York Avenue, New York, NY 10028

Investment Highlights:

Meridian Investment Sales is pleased to present 1594 York Avenue, a five-story, 11,650-square-foot mixed-use building on a wraparound corner lot in Yorkville on Manhattan’s Upper East Side, offered at $8,000,000. The property features 11 residential units and a ground-floor 7-Eleven leased through November 2035 with a corporate guaranty, generating $251,422 in annual commercial rent. With 10 of 11 residential units (91%) free market and 100% occupancy across all 12 units, the property delivers an in-place NOI of $398,112 and a proforma NOI of $458,818.

Zoned R10 — the highest residential designation — with an as-built FAR of 4.76 against a maximum of 10.00, the property holds 12,850 square feet of unused air rights offering meaningful development optionality. The Upper East Side multifamily market is among the city’s tightest, with a 1.9% vacancy rate and a supply pipeline of just 0.004% of existing inventory. With a nationally credited anchor tenant, near-total free-market residential exposure, and significant air rights in one of Manhattan’s most enduringly desirable neighborhoods, 1594 York Avenue represents a compelling mixed-use investment opportunity.