Cushman & Wakefield is pleased to announce it has been retained on an exclusive basis to arrange the sale of 1286 First Avenue (aka – 401-403 East 69th Street). The subject property boasts ~32,000 gross SF with 75’ feet of frontage along 1st Avenue in the heart of the Upper East Side.
1286 First Avenue is a multi-family condominium comprised of 50-units all of which are residential. 80% or 40 units are Market Rate, 14% or 7 units are Rent Controlled, and 6% or 3 Units are classified as Rent Stabilized. The units can be broken down into 2 studio’s, 13 1 bedrooms, 31 2 bedrooms, and 4 3 bedrooms apartments. The subject property is currently 94% occupied with two vacancies.
