Mixed-Use Building with
For Sale
Contact for pricing
1571 3rd Ave, New York, NY 10128
Two connected buildings combine residential apartments with an interconnected retail storefront and separate residential entrances.
Property Size17,560 SF
Days on Market145
Property Features for 1571 3rd Ave
General Information
Standard status
Active
Size
17,560 SF
Property subtype
Retail, Multifamily
Site & Location
Frontage
50 ft
Road Access
Yes
Units
Unit Mix
10 x studio, 6 x 1BR, 4 x 2BR
Multifamily Units
20
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield New York
Listed By:
Brett Weisblum · License #NY 10401219976
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 11:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
This mixed-use asset comprises two contiguous buildings at 1571 3rd Ave in Manhattan’s Upper East Side. Together, the properties contain 17,560 gross square feet, with 20 residential apartments positioned above an interconnected retail store spanning both structures. Each building has its own residential entrance.
The apartment inventory includes 10 studios, 6 one-bedroom units, and 4 two-bedroom units. Seventeen apartments are free market, two are rent stabilized, and one rent-controlled apartment is vacant. The retail space is occupied by Wankel’s Hardware Store, which has operated at the location for more than 125 years.
The buildings sit on Third Avenue between East 88th and East 89th Streets. The air rights have been sold, and the property is offered for sale or NNN lease.
The apartment inventory includes 10 studios, 6 one-bedroom units, and 4 two-bedroom units. Seventeen apartments are free market, two are rent stabilized, and one rent-controlled apartment is vacant. The retail space is occupied by Wankel’s Hardware Store, which has operated at the location for more than 125 years.
The buildings sit on Third Avenue between East 88th and East 89th Streets. The air rights have been sold, and the property is offered for sale or NNN lease.
Key Highlights
- 17,560 gross square feet across two contiguous mixed‑use buildings
- 20 apartments: 10 studios, 6 one‑bedroom, and 4 two‑bedroom units
- Residential mix includes 17 free market, 2 rent stabilized, and 1 vacant rent‑controlled apartment
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected buildings combine residential apartments with an interconnected retail storefront and separate residential entrances.
Where is this mixed-use property located?
The property is located at 1571 3rd Ave New York, NY.
What are key features of this property?
This property features: 17,560 gross square feet across two contiguous mixed‑use buildings; 20 apartments: 10 studios, 6 one‑bedroom, and 4 two‑bedroom units; Residential mix includes 17 free market, 2 rent stabilized, and 1 vacant rent‑controlled apartment
