Lucida_Property for Sale
Lucida_Property for Sale
151 East 85th Street, New York, NY, 10028, US

Lucida

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale the leasehold interest in The Lucida (the “Property”), a luxury, mixed-use retail and residential condominium located at 86th Street and Lexington Avenue in the heart of Manhattan’s coveted Upper East Side neighborhood. The 156,000 square-foot Property comprises a fully leased, 98,000-square-foot retail component and two residential buildings consisting of 39 units that are currently 96% occupied at 151 E 85th Street and 155 E 85th Street. This opportunity offers investors the rare opportunity to acquire a luxury, mixed-use asset at a compelling basis with secure in-place cash flow and attractive yields. All inquiries regarding the Property should be directed to JLL.

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Attributes

Number of units
22
Occupancy
96%
Year built
2008
Building area net
14,493 m²

Media

Investment Highlights

  • Mixed-Use Opportunity of Scale with Attractive Returns
  • Credit-Backed Retail Tenancy Limits Risk and Ensures Stable, Diverse Cash Flow
  • Prime Upper East Side Residential Location with Proven Long-Term Tenancy

Contact brokers

Lucida (0 Properties)

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Last updated
25 Sep 2024