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Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending

698 2nd Ave, New York, NY 10016

New construction combines commercial space with two free-market apartments and separate utility metering.

Property SizeContact for details
Days on Market128

Property Features for 698 2nd Ave

General Information

Standard status Pending
Property subtype Retail, Multifamily, Mixed Use

Building Details

Buildings 1
Stories 4
Tenancy Multi
Listing Agency: Highcap Group
Listed By: Christen Portelli · License #NY
Source: Crexi
Added: Apr 24 Changed: Aug 29 Last Checked: Aug 29 at 1:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Highcap Group

Investment Insights

Based on property information with market context.

Located at 698 2nd Ave in New York’s Murray Hill neighborhood, this brand-new four-story mixed-use property combines retail and residential components with a finished basement. The retail space occupies two floors, while the third and fourth levels each contain a free-market three-bedroom, two-bath apartment.

Each residence includes an in-unit washer and dryer, independent heating and cooling, and separately metered water and electricity. The third-floor apartment has a terrace, the fourth-floor apartment includes a balcony, and both residences have roof access. Commercial and residential occupants are responsible for their utility expenses. The property also includes 12,516 square feet of unused FAR.

Key Highlights

  • Four‑story mixed‑use building with retail space on two floors
  • Two free‑market three‑bedroom, two‑bath apartments
  • Finished basement included

Property Analytics

Current Use

Just a Little Higher ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Buffet Pet Grooming Service Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

42,071
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - New construction combines commercial space with two free-market apartments and separate utility metering.
Where is this mixed-use property located?
The property is located at 698 2nd Ave New York, NY.
What are key features of this property?
This property features: Four‑story mixed‑use building with retail space on two floors; Two free‑market three‑bedroom, two‑bath apartments; Finished basement included
More about this property
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