517 Second Ave
New York, NY 10016
Retail Property For Sale

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.