This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
517 Second Ave
New York, NY 10016
Retail Property For Sale
PROPERTY FACTS
ABOUT 517 SECOND AVE , NEW YORK, NY 10016
A 24.69’ wide, 4-story, mixed-use building, located on the west side of Second Avenue between 28th and 29th Streets.This full free market property consists of a 2,186 sq. ft. retail store on the ground floor plus three (3) floor-through, three bedroom/ two-bathroom apartments above. The retail tenants an Italian restaurant with a lease expiring May 31, 2020 and is approximately 55% below market. Each apartment rents for approximately 15%-20% below market. The second floor unit benefits from having a private 1,000(+/-) square foot terrace. With the retail lease expiring in May and the apartments either vacant or expiring within a year, 517 Second Avenue is an ideal building for a retail/restaurant user or for someone looking for a place to live/invest. Additionally, the approximately 10,180 square feet of unused air rights and location just off the corner make it a desirable parcel to any future development or assemblage.
PROPERTY TAXES
| Parcel Number | 0909-0033 | Improvements Assessment | $101,130 |
| Land Assessment | $197,468 | Total Assessment | $298,598 |
PROPERTY TAXES
