Mixed-Use Building with
2296 SECOND AVE, New York, NY 10022
For Sale
Contact for pricing
Three residential apartments sit above ground-floor retail, with separate utilities serving the property.
Property Size4,492 SF
Price / SF$801.42
Days on Market36
Property Features for 2296 SECOND AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Buildings
Stories
Listing Agency:
E Realty International Corp.
Listed By:
June H Chang
(917) 657-5198
Source:
Crexi
Added: Oct 5
Changed: Nov 9
Last Checked: Nov 9 at 2:04PM
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 E Realty International Corp.
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Investment Insights
Based on property information with market context.
This four-story mixed-use property combines three three-bedroom apartments with ground-floor retail and two garage spaces. The building contains approximately 4,492 SF, has separate utilities, and includes a new roof. Zoning is R9A / C2-5 / EHC/TA, with a 7.52 FAR.
At the corner of Second Avenue and 117th Street in East Harlem, the property is near neighborhood shops, restaurants, schools, and public transportation, including the 6 train.
At the corner of Second Avenue and 117th Street in East Harlem, the property is near neighborhood shops, restaurants, schools, and public transportation, including the 6 train.
Key Highlights
- Approximately 4,492 SF across four stories
- Three 3‑bedroom apartments, ground‑floor retail, and two garage spaces
- Zoning: R9A / C2‑5 / EHC/TA; 7.52 FAR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,183
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,863,660
$2.9M
Cap Rate 7%
$2,045,471
$2.0M
Cap Rate 9%
$1,590,922
$1.6M
Market Conditions
NOI Build-Up for 4,492 SF
Gross rent
$269.5K $60.00/SF
− Vacancy
−$40.4K −$9.00/SF
EGI
$229.1K $51.00/SF
− OpEx
−$85.9K −$19.13/SF
NOI
$143.2K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,863,660
Cap Rate 7%
$2,045,471
Cap Rate 9%
$1,590,922
Alternative Uses
Best Use
Mixed Use
$2.05M
$1.79M – $2.39M
NOI $143,183 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,543 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,832 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New York, NY
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential apartments sit above ground-floor retail, with separate utilities serving the property.
Where is this mixed-use property located?
The property is located at 2296 SECOND AVE New York, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 4,492 SF across four stories; Three 3‑bedroom apartments, ground‑floor retail, and two garage spaces; Zoning: R9A / C2‑5 / EHC/TA; 7.52 FAR
