1131 Third Ave

83 Views

Listing was updated on: 01/11/2023

1131 Third Ave, New York City, NY, United States

As exclusive advisor to ownership, The Anton Group at Marcus & Millichap presents the opportunity to acquire the retail cooperative at 1131 Third Avenue, New York NY (“The Property”). The Property comprises 23,032 square feet of usable space on the ground floor and in the basement of the 256 unit, 21-story residential building with an address of 201 East 66 th Street, New York NY. The building was completed in 1961 and converted to a cooperative in 1980.

The Property features prime retail space occupying the full block east of Third Avenue between East 66th Street and East 67th Street. The retail units have a combined 200.83 feet of frontage on Third Avenue, the affluent neighborhood’s primary commercial corridor. The Property is fully leased to three premier tenants, Nike (NYSE: NKE), J. Jill (NYSE: JILL) and Crunch Fitness. Nike is a global designer, manufacturer and distributor of athletic wear. J. Jill is an omnichannel women’s apparel brand with more than 250 locations. Crunch Fitness is an NYC-headquartered brand of more than 400 franchised and corporate owned fitness clubs.

The Property is located in the heart of Manhattan’s highly desirable Upper East Side. Demographically, this is one of New York’s wealthiest submarkets with an average household income of over $215,000. The neighborhood is rich with globally-renowned retailers, elite educational institutions, exclusive social clubs, foreign consulates, upscale dining and iconic City destinations.

The location boasts a Walk Score and Transit Score of a perfect 100. The Property’s next owner will own prime real estate in one of the City’s most coveted and forever-valuable locations.