OVERVIEW

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the retail co-op at 1235 Lexington Avenue. The subject property is a multi-level retail co-op ideally located on a heavily trafficked corner in Manhattan’s prestigious Upper East Side. Situated on a prime corner on Lexington Avenue and East 84th Street, this asset presents top tier visibility in one of New York City’s most established residential neighborhoods. The coop is approximately 6,875 SF of prime retail space with an additional 5,350 SF of below grade space. The corner property features 189’ of wraparound frontage on the southeast corner of Lexington Avenue and East 84th Street. The well maintained and distinctive retail unit benefits from an open floorplate with multiple levels which allows future ownership the optionality to bifurcate the space. The purchaser is purchasing 100% of the co-op shares for the ground floor retail unit and the separate long-term leasehold interest in the lower-level space.