2035 Second Ave 11,492 SF 100% Leased Office Building New York, NY 10029 $7,100,000 ($617.82/SF) 2.10% Cap Rate

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.