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    2249 2Nd Ave New York, NY 10029

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    For Sale
    Contact for pricing

    60,374 SF retail space near upcoming Q train stop.

    Property size:
    60,374 SF
    Lot size:
    0.17 Acres

    Property Features for 2249 2Nd Ave

    General Information

    Size
    60,374 SF
    Lot size
    0.17 Acres

    Source: Ariel Property Advisors Agent Michael A. Tortorici

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Harlem Retail Development Opportunity

    This 60,374 square-foot property offers a retail development opportunity with mandatory inclusionary housing. It features 78.92 feet of retail frontage along 2nd Avenue. The property is located steps from the future Q train subway stop at 2nd Avenue & East 116th Street, offering convenient access to transportation. The layout is rectangular. Situated between two major East Harlem retail corridors, 2nd Avenue and East 116th Street, the location provides access to multiple bus routes, the 6 train at Lexington Avenue, and the FDR Drive. The property is surrounded by shopping options and new residential construction. There is in place income from a lease for 2249 2nd Ave until Sept. 30th, 2026 with no extensions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xochitl Barber Shop Barber Shop Austin Joseph Marolla Optometrist East Side Medical Doctor Eyepic | Harlem Eye ... Eye Care Center Dr. Austin Marolla Optometrist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.938258
    Latitude
    40.7966557

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    FAQs

    What type of property is this?
    Retail space - 60,374 SF retail space near upcoming Q train stop.
    Where is this retail space located?
    The property is located at 2249 2Nd Ave New York, NY.
    What are key features of this property?
    This property features: - 60,374 BSF with Mandatory Inclusionary Housing; - Boasts 78.92’ of retail frontage along 2nd Avenue; - Steps from the future Q train subway stop at 2nd Avenue & East 116th Street
    (212) 544-9500
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    2249 2Nd Ave New York, NY 10029
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    New York, NY 10029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2249 2Nd Ave New York, NY 10029
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