977 2nd Ave - Storefront Retail/Residential FOR SALE


New York, NY 10022- Midtown East
$4,800,000 USD
646-933-2677
977 2nd Ave, New York, NY for Sale
$4,800,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 5.41% Cap Rate

977 2nd Ave
New York, NY 10022
Midtown East


HIGHLIGHTS

  • Premium mixed-use building.
  • Fully leased 100% free-market.
  • 3 residential units + 1 commercial unit.
  • Licensed cannabis dispensary tenant.
  • Protected tax class 2A.
  • Significant in-place income.

OVERVIEW

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 977 Second Avenue (the "Property"). The Property is a premium mixed-use asset in the heart of Midtown East, Manhattan. The Property features three free-market residential apartments, a retail store on the ground floor leased to a licensed cannabis dispensary, and a full basement. The Property offers significant in-place cash-flow for investors, upside in the residential units, and potential long-term development potential as part of an assemblage (air rights previously transferred).

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$1,076 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

977 2nd Avenue | Mixed-Use | Cannabis Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

C1-9 / R10

APN/PARCEL ID

1325-0030

ASK ABOUT THIS PROPERTY

Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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