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950 2nd Ave 8,380 SF Retail Condo Unit Offered at $23,950,000 in New York, NY 10022
Investment Highlights
- 160 Feet of Wraparound Frontage
- 100% Lease to Established Tenants
- In the Heart of Turtle Bay
- Proximity to E/M/6 Subway Lines
1 Unit Available
Unit Retail
| Unit Size | 8,380 SF | Sale Type | Investment or Owner User |
| Price | $23,950,000 | Cap Rate | 6.00% |
| Price Per SF | $2,858.00 | NOI | $1,437,000 |
| Condo Use | Retail | APN/Parcel ID | 1343-1501 |
| Unit Size | 8,380 SF |
| Price | $23,950,000 |
| Price Per SF | $2,858.00 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.00% |
| NOI | $1,437,000 |
| APN/Parcel ID | 1343-1501 |
Sale Notes
Avison Young, as exclusive agent, is pleased to offer for sale a premier retail condominium located at 950 Second Avenue on the northeast corner of Second Avenue and East 50th Street in the heart of Turtle Bay, one of Manhattan’s most vibrant and established neighborhoods.
Positioned at the base of a luxury 29-story, 57-unit residential condominium project completed in 2014, the property benefits from exceptional visibility and foot traffic. The condominium features wraparound frontage totaling approximately 160 feet—with 100 feet along Second Avenue and 60 feet along East 50th Street—providing unparalleled exposure along a high-traffic corner.
Property Facts
| Total Building Size | 104,201 SF | Floors | 29 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,839 SF |
| Property Subtype | Apartment | Year Built | 2014 |
| Building Class | A | Lot Size | 0.20 AC |
| Zoning | C1-9 | ||
| Total Building Size | 104,201 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 29 |
| Typical Floor Size | 4,839 SF |
| Year Built | 2014 |
| Lot Size | 0.20 AC |
| Zoning | C1-9 |
Amenities
Site Amenities
- Concierge
- Fitness Center
- Laundry Facilities
- Sauna
- Doorman
- Package Service
- Bicycle Storage
- Elevator
- Lounge
- Pet Washing Station
- Sundeck
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 950 |
| 2+2 | 26 | - | 1,400 - 1,700 |
| 3+3 | 23 | - | 2,000 - 2,400 |
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
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950 2nd Ave
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