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Mixed-Use Building with Apartments
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Pending

199 2nd Ave, New York, NY 10003

Renovated apartments are paired with a Japanese restaurant in this mixed-use property.

Property SizeContact for details
Days on Market143

Property Features for 199 2nd Ave

General Information

Standard status Pending
Property subtype Mixed Use
Zoning R7A with C1-5 commercial overlay

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Marcus & Millichap - Manhattan
Listed By: John J. Stewart · License #NY 10311203263
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:19AM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

This mixed-use building combines four free-market apartments with one commercial store. The residential component includes a two-bedroom, a three-bedroom, and two four-bedroom apartments, all described as large and renovated. The commercial space is occupied by a Japanese restaurant with a full liquor license and a lease expiring in 2031.

Located at 199 Second Avenue in New York’s East Village, the property carries R7A zoning with a C1-5 commercial overlay. It is not landmarked and is not within a historic district.

Key Highlights

  • Four free‑market apartments: one two‑bedroom, one three‑bedroom, and two four‑bedrooms
  • One commercial store occupied by a Japanese restaurant
  • Restaurant has a full liquor license

Property Analytics

Current Use

ODRE Restaurant Pado Restaurant

Suggested Use

Top Pick Nursing Home Auto Parts Store Adult Day Care Buffet Auto Repair Shop Pet Grooming Service

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

31,207
Businesses Nearby

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
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 - Renovated apartments are paired with a Japanese restaurant in this mixed-use property.
Where is this mixed-use property located?
The property is located at 199 2nd Ave New York, NY.
What are key features of this property?
This property features: Four free‑market apartments: one two‑bedroom, one three‑bedroom, and two four‑bedrooms; One commercial store occupied by a Japanese restaurant; Restaurant has a full liquor license
(212) 430-5152 Call to check price and availability
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