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973 2nd Ave 4,400 SF Retail Building New York, NY 10022 $5,500,000 ($1,250/SF)
Investment Highlights
- Fully free-market mixed-use building located in prime Midtown East.
- Building fully renovated including new floors, stairs, windows, electric, roof, bathrooms, kitchens, HVAC.
- Covered land play with apprx. 9,600 SF available air rights for future development.
- Ground floor retail leased to strong long-standing bakery tenant.
- Residential portion delivered vacant, prime for owner/user or live + income.
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 973 Second Avenue (the “Property”), a renovated and modernized four-story mixed-use building totaling approximately 4,400 gross square feet in Manhattan’s prime Midtown East neighborhood. The Property features four (4) units, one commercial unit on the ground and basement level, and three free-market residential units above.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built
1901
Price
$5,500,000
Price Per SF
$1,250
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.14
Lot Size
0.03 AC
Zoning
C1-9/R10
Frontage
20’ on 2nd Ave
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1325-0028 | Improvements Assessment | $839,818 |
| Land Assessment | $403,271 | Total Assessment | $1,243,089 |
Property Taxes
Parcel Number
1325-0028
Land Assessment
$403,271
Improvements Assessment
$839,818
Total Assessment
$1,243,089
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973 2nd Ave
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