Listed by Avison Young - New York
Unpriced
485 East 28th Street
Details
Property Type Retail
Square Footage 16,200
Tenancy Multi
Year Built 2022
Ground Lease No
About This Property
Marketing description
485 East 28th Street is a 7-story building, comprising approximately 16,200 SF across seventeen (17) residential units, one (1) ground-floor duplexed community facility space and nine (9) available parking spaces. The unit mix includes six (6) rent-stabilized affordable units, nine (9) rent-stabilized threshold units, and two (2) free-market units all of which will revert to fair market status at the end of the abatement period. Additionally the building has a Certificate of Occupancy from 2023 which makes the building exempt from Good Cause Eviction until 2053.
Investment highlights
- New Construction Elevator Building
- Built in 2022 with zero deferred maintenance in the near future
- Unit Mix Eight
- (8) 1-bedrooms and Nine (9) 2-bedrooms
- Exempt from Good Cause Eviction
- Certificate of Occupancy from 2023 which makes the building exempt from Good Cause Eviction until 2053
- Free-Market Upside
- Two unrestricted units offer direct rental upside upon turnover, unencumbered by rent regulation Immediate
- Parking Upside
- Currently one (1) out of nine (9) spaces are currently leased which allows for immediate leasing upside
Listing Contacts
Listed by Avison Young - New York
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
R6 ResidentialMulti FamilyGeneral Residence
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 99 uses
View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
