1587 3rd Avenue

Avison Young is pleased to offer for sale 1587 Third Avenue (the “Property”), a vacant six-story 15,750 GSF property located on the east side of Third Avenue between East 89th and East 90th Streets on the Upper East Side. The Property is currently configured as a self-storage / warehouse facility. On the ground floor, there is a curb-cut entrance into a garage area and separate entrance into a commercial space that includes a roughly 500 SF mezzanine. Floors two through six each feature an approximately 2,750 GSF floor-through unit. With flexible C1-9 zoning, the property allows for multiple business plans to maximize the value of the asset. For example, the building can be kept as self-storage / warehouse, converted to other similar commercial uses, or redeveloped into luxury residential rentals/condominiums. The property also features 11,750 SF of available air rights.