2035 Second Ave - Office/Residential FOR SALE


New York, NY 10029- East Harlem
$7,100,000 USD
718-662-2222
2035 Second Ave, New York, NY for Sale
$7,100,000 USD
Office/Residential - FOR SALE
1/7
null | Request Cap Rate

2035 Second Ave
New York, NY 10029
East Harlem


HIGHLIGHTS

  • Mixed-use investment with upside potential located in Prime Upper East Side location on Second Avenue
  • 2,500 SF vacant ground-floor retail
  • 78.3% leased with income in place
  • Property features: elevator, and full basement
  • R8A zoning
  • Built 1920 / Renovated 2008

OVERVIEW

2035 Second Avenue presents a compelling opportunity to acquire a well-located mixed-use investment property along one of Manhattan’s most active retail corridors in the Upper East Side submarket. This asset offers a strong combination of in-place income, high visibility, and long-term upside. The five-story building totals approximately 11,492 square feet and is 78.3% leased, providing immediate cash flow. A 2,500 square foot vacant ground-floor retail space offers flexibility for an owner-user, new tenant, or repositioning opportunity, while the upper floors remain occupied, contributing stable income. Originally built in 1920 and renovated in 2008, the property features an elevator, a full basement, multiple tenancies, and an efficient layout with typical floors of approximately 2,298 square feet. The building sits on 2,614 square feet of land and is zoned R8A, presenting future redevelopment or value-add potential. Offered at an asking price of $7,100,000, this asset is well-suited for investors seeking core-plus exposure in a prime Manhattan location. The property is also 1031 exchange eligible, making it attractive to exchange buyers.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8A

APN/PARCEL ID

1654-0026

ASK ABOUT THIS PROPERTY

Paul HalvatzisAmorelli RealtyMore Info
718-662-2222

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

Paul HalvatzisAmorelli RealtyMore Info
718-662-2222

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