1374 3rd Ave New York, NY 10075-0455
Property Lookup
Property profile & analytics
1374 3rd Ave New York, NY 10075-0455
- Retail residential properties
- 10,489 SF
- 0.06 lot acres
Property ID
US63-1473020
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Noz Market / Restaurant
Property Details for 1374 3rd Ave
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 10,489 SF
- Zone code
- C1-9
- Property type
- Retail residential properties
- APN
- 01413-0033
- APU
- 14130033
Description
This exceptional investment opportunity presents a five-story, 14-unit mixed-use building situated on the coveted Upper East Side of Manhattan, at the northwest corner of East 78th Street and 3rd Avenue. The property, totaling 10,489 square feet on a 2,567 square foot lot, is currently 100% occupied, offering a stable cash flow with a current NOI of $419,432 and a 5.24% cap rate. The building comprises six residential units, with a mix of one-bedroom layouts, and a commercial retail tenant. This value-add opportunity boasts a pro-forma NOI of $584,163 and a pro-forma cap rate of 7.30%, reflecting significant upside potential. The property benefits from its prime location, conveniently served by the 6 train and Q train lines, offering easy access to public transportation. Zoned C 1-9, this asset presents a rare chance to acquire a well-located, cash-flowing property with substantial growth prospects. The asking price is $8,000,000, translating to $762.70 per square foot and $571,428.57 per unit. The property is offered under a NNN lease structure with two tenants. This is a turnkey asset, having been held by the same family for 45 years, and is now available for the first time. The building is a strong investment opportunity for those seeking a stable, cash-flowing asset with significant upside potential in a prime Manhattan location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,570,000
- 6.5%
- $5,145,000
- 7%
- $4,775,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,700,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.958
- Latitude
- 40.7738
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$243,151
$346,500
$1,689,987
$2,036,487
-
$770,000
$3,552,000
$4,322,000
