1029-1039 2nd Ave - Apartments CONDO FOR SALE


New York, NY 10022- Midtown East
$7,800,000 USD
917-362-1485
1029-1039 2nd Ave, New York, NY for Sale
$7,800,000 USD
Apartments CONDO - FOR SALE
1/22
null | Request Cap Rate

NEW


1029-1039 2nd Ave
New York, NY 10022
Midtown East


HIGHLIGHTS

  • Over 6 Years of WALT
  • Long-Term Tenancy: Avg Tenure of 12+ Years
  • Preferential Co-op Tax Treatment
  • Located on Second Avenue Retail Thoroughfare
  • Cultural and Recreational Amenities
  • Proximity to the E M 6 Subway Lines

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale the retail co-op at 1029–1039 Second Avenue (the “Property”), an exceptional retail investment opportunity boasting 137 feet of frontage along the bustling Second Avenue retail corridor. Located on the northwest corner of Second Avenue and East 54th Street, the fully leased commercial co-op consists of four (4) distinct units totaling approximately 4,765 square feet. The units are leased to Salon Wave, Next Stop Realty, Blueline Dental, and Pinkberry, with a weighted average lease term (WALT) of over six (6) years. The average tenant tenure exceeds twelve (12) years, with Pinkberry occupying its space for more than eighteen (18) years.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$1,637 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Brevard

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

406,179 SF

STORIES

29

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C1-9

APN/PARCEL ID

1328-0021,1328-0021-00001-000-000007D,1328-0021-00001-000-000007M,1328-0021-00001-000-000007P,1328-0021-00001-000-000008N,1328-0021-00001-000-000010G,1328-0021-00001-000-000016F,1328-0021-00001-000-000017H,1328-0021-00001-000-000018B,1328-0021-00001-000-000021H,1328-0021-00001-000-000022C,1328-0021-00001-000-000023H,1328-0021-00001-000-000024H,1328-0021-00001-000-000025G,1328-0021-00001-000-000026H,1328-0021-00001-000-000028F,1328-002123H

ASK ABOUT THIS PROPERTY

James NelsonAvison YoungMore Info
917-362-1485

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James NelsonAvison YoungMore Info
917-362-1485

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.