Mixed-Use Building with
1435 2nd Avenue New York, Manhattan, NY 10021
For Sale
New
$6,800,000
A ground-floor restaurant is paired with three residential floors, each containing a three-bedroom, two-bathroom apartment.
Property Size4,340 SF
Price / SF$1,566
Days on Market5
Property Features for 1435 2nd Avenue New York
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Listing Agency:
Jamie Realty Group
(516) 822-1222
Listed By:
Xiao Zheng · License NY #10491212408
(718) 309-2982
Source:
Longislandhomeslist
Added: Nov 10
Last Checked: Nov 12 at 7:18AM
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 Jamie Realty Group
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Investment Insights
Based on property information with market context.
This 4,340-square-foot mixed-use building dates to 1910 and is zoned C1-9. The first floor operates as a restaurant. Each of the three floors above contains an apartment with three bedrooms, two full bathrooms, a living and dining area, and a kitchen.
The property is at 1435 2nd Avenue in New York. Nearby transit options include the M15, M72, M101, M102, and M103 bus routes, as well as the 4, 5, 6, N, Q, and R subway lines.
The property is at 1435 2nd Avenue in New York. Nearby transit options include the M15, M72, M101, M102, and M103 bus routes, as well as the 4, 5, 6, N, Q, and R subway lines.
Key Highlights
- 4,340‑square‑foot mixed‑use building, built in 1910
- Ground‑floor restaurant
- Three upper‑floor apartments, each with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,866
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,017,320
$4.0M
Cap Rate 7%
$2,869,514
$2.9M
Cap Rate 9%
$2,231,844
$2.2M
Market Conditions
NOI Build-Up for 4,340 SF
Gross rent
$286.4K $66.00/SF
− Vacancy
−$18.6K −$4.29/SF
EGI
$267.8K $61.71/SF
− OpEx
−$67.0K −$15.43/SF
NOI
$200.9K $46.28/SF
Area
New York County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,017,320
Cap Rate 7%
$2,869,514
Cap Rate 9%
$2,231,844
Alternative Uses
Best Use
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $200,866 @ 7.0% cap · market cap 2.95%
Second Best
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,338 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,393 @ 7.0% cap · market cap 3.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
26,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
Median Home Value
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Market
Properties on Market for Mixed-use properties in Manhattan
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor restaurant is paired with three residential floors, each containing a three-bedroom, two-bathroom apartment.
Where is this mixed-use property located?
The property is located at 1435 2nd Avenue New York Manhattan, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 4,340‑square‑foot mixed‑use building, built in 1910; Ground‑floor restaurant; Three upper‑floor apartments, each with 3 bedrooms and 2 full bathrooms
