1460 Second Ave 8 Unit Apartment Building $7,499,000 ($937,375/Unit) 6.33% Cap Rate New York, NY 10075

Situated in the heart of Manhattan’s Upper East Side, 1460 Second Avenue presents a rare opportunity to acquire a prime mixed-use asset in one of New York City’s most affluent and densely populated neighborhoods. This dual-address property spans a prominent stretch between East 76th and East 77th Streets, offering exceptional visibility and foot traffic along Second Avenue’s thriving retail corridor. The building features ground-floor retail units with stable tenancy and upper-level residential apartments, making it ideal for investors seeking diversified income streams in a high-demand market.
The property benefits from proximity to the Q subway line at 72nd Street, multiple bus routes, and walkable access to Central Park, Lenox Hill Hospital, and the East River Esplanade. The surrounding area is characterized by a strong demographic profile, with average household incomes exceeding $150,000 and a high concentration of owner-occupied and luxury rental residences. The neighborhood’s blend of established retailers, boutique storefronts, and upscale dining destinations ensures consistent consumer engagement and long-term tenant appeal.
Whether repositioned for enhanced retail frontage, upgraded residential units, or held as a stabilized income-producing asset, 1460 Second Avenue offers a compelling investment in one of Manhattan’s most resilient submarkets.