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1760 Second Ave - Chartwell House 3,522 SF Retail Condo Unit Offered at $3,600,000 in New York, NY 10128



Investment Highlights
- 100% leased to quality neighborhood retailers
- Glass storefronts with dedicated signage
- 7.76 Years of WALT
- 40’ of total frontage along 2nd Avenue
- No tenancy use restrictions, as per Offering Plan & By-Laws
- Landlord recoveries on both RE Taxes & CAM Charges
Executive Summary
Marshall Real Estate LLC (“MRE”) has been exclusively retained to offer for sale the 100% fee simple interest in the Retail Condominium Units located at 1760 2nd Avenue on the Upper East Side of Manhattan. Positioned along one of the neighborhood’s primary commercial corridors, the property benefits from exceptional pedestrian traffic, affluent demographics, and a dense residential population that supports long-term retail demand. The North Store is leased to Oculist, a well established eye care and optical provider, through February 2033. The tenancy provides stable income from a necessity-based retail use that serves the surrounding residential community and benefits from recurring customer demand. The South Store is leased to Four Seasons Spa through April 2034. The spa’s long-term commitment reflects the strength of the location and provides investors with secure income from a service-oriented tenant that is integrated into the neighborhood’s daily consumer base. Located in the heart of the Upper East Side, 1760 Second Avenue is surrounded by luxury residential buildings, institutional employers, healthcare facilities, and a broad range of neighborhood retail. The property enjoys convenient access to public transportation, including the Second Avenue Subway, enhancing accessibility for residents, employees, and visitors. The Upper East Side remains one of Manhattan’s most desirable residential neighborhoods, characterized by high household incomes, strong consumer spending patterns, and historically resilient retail demand. These market fundamentals support long-term occupancy and rent growth, making the property an attractive investment opportunity for investors seeking stable income backed by a premier New York City location.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.75% |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 3,522 SF | Retail | $3,600,000 ($1,022.15/SF) | $243,000 |
Unit Retail
| Unit Size |
| 3,522 SF |
| Condo Use |
| Retail |
| Price |
| $3,600,000 ($1,022.15/SF) |
| NOI |
| $243,000 |
Unit Retail
| Unit Size | 3,522 SF |
| Condo Use | Retail |
| Price | $3,600,000 ($1,022.15/SF) |
| NOI | $243,000 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
Property Facts
| Total Building Size | 149,477 SF | Floors | 34 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,450 SF |
| Property Subtype | Apartment | Year Built | 2001 |
| Building Class | B | Lot Size | 0.14 AC |
| Zoning | C2-8, Manhattan (R5) - In C2-8 you can build a variety of commercial building uses, community facilities, and residential buildings. | ||
| Total Building Size | 149,477 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 34 |
| Typical Floor Size | 5,450 SF |
| Year Built | 2001 |
| Lot Size | 0.14 AC |
| Zoning | C2-8, Manhattan (R5) - In C2-8 you can build a variety of commercial building uses, community facilities, and residential buildings. |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Concierge
- Fitness Center
- Property Manager on Site
- Doorman
- Package Service
- Wi-Fi
- Roof Terrace
- Bicycle Storage
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 3,522 |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Optometry Group |
-
|
Jan 0000
|
| Thuy Tran Optometrist |
-
|
Jan 0000
|
Presented by
1760 Second Ave - Chartwell House
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