1330 3Rd Ave New York, NY 10075

This exceptional mixed-use property, located at 1330 3rd Avenue in New York City's desirable Upper East Side, presents a compelling investment opportunity. The five-story building encompasses 7,312 square feet on a 1,463 square foot corner lot at the northwest corner of East 76th Street and 3rd Avenue. Currently operating at 100% occupancy, the property boasts nine units: eight free-market residential units (four one-bedroom and four two-bedroom apartments) and one commercial retail space. The building is classified as Class C with a NNN lease type and single tenancy. The current Net Operating Income (NOI) is $398,624, yielding a 4.43% cap rate. However, a pro-forma NOI of $575,732 projects a significantly higher 6.40% cap rate, indicating substantial value-add potential. The asking price is $9,000,000, translating to a price per square foot of $1,230.85. The property benefits from its prime location, conveniently served by the 6 and Q subway lines. Zoned C1-9, this asset offers a rare chance to acquire a well-maintained, cash-flowing building with significant upside potential, held by the same family for 45 years and now offered for sale for the first time. This is a value-add investment opportunity with strong potential for future growth.