2157 First Ave 7,500 SF 100% Leased Office Building New York, NY 10029 $2,500,000 ($333.33/SF)

OPPORTUNITY ZONE LOCATION ENHANCES AFTER TAX RETURNS
The Property is located within a designated Qualified Opportunity Zone, providing investors the potential to defer and eliminate capital gains taxes, enhancing after tax returns and supporting long term value creation.
COVERED LAND OPPORTUNITY WITH LONG TERM ASSEMBLAGE POTENTIAL
With approximately 18,000 buildable square feet and full in place occupancy, the Property functions as a covered land investment, allowing investors to generate stable cash flow while preserving long term flexibility for assemblage or redevelopment as market conditions evolve.
FULLY LEASED ASSET WITH DIVERSIFIED INCOME STREAMS
The Property is fully occupied with a diversified tenant mix across office and retail uses, providing stable in place cash flow while limiting reliance on a single income source.
NEAR TERM OFFICE LEASING UPSIDE
Below market office rents and near term lease expirations create a clear opportunity to re tenant space at prevailing market rates, supporting immediate NOI growth without capital intensive repositioning.
HIGH VISIBILITY RETAIL WITH EXPENSE REIMBURSEMENT
The ground floor retail space benefits from over 25 feet of frontage along First Avenue and includes real estate tax reimbursement provisions, resulting in enhanced effective
rents and durable net cash flow.
TRANSIT ORIENTED LOCATION SUPPORTS LONG TERM DEMAND
Located within a 10 minute walk of the 110th Street subway station (6-train), the Property offers strong connectivity to Manhattan (20-min from Grand Central) and the Bronx, reinforcing sustained tenant demand across both office and retail components.