Office Building
For Sale
$4,880,000
866 2nd Avenue Unit #10A New York, Manhattan, NY 10017
Office space with electric service in a commercial building.
Property Size6,450 SF
Days on Market96
Property Features for 866 2nd Avenue Unit #10A New York
General Information
Standard status
Active
Size
6,450 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$82,163
Building Details
Building Size
6,450 SF
Year Built
1970
Listing Agency:
B Square Realty
Listed By:
Li Li (barbieli@bsquarerealty.com)
(516) 992-2888
Source:
Edifyny
Added: Jul 17
Changed: Oct 7
Last Checked: Oct 19 at 6:18AM
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 B Square Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office unit 10A is located within a commercial office building completed in 1970. The property includes electric service and is situated at 866 2nd Avenue in Manhattan, New York, NY 10017.
Key Highlights
- Office unit 10A
- Building completed in 1970
- Electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,967
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,039,340
$4.0M
Cap Rate 7%
$2,885,243
$2.9M
Cap Rate 9%
$2,244,078
$2.2M
Market Conditions
NOI Build-Up for 6,450 SF
Gross rent
$332.0K $51.48/SF
− Vacancy
−$62.8K −$9.73/SF
EGI
$269.3K $41.75/SF
− OpEx
−$67.3K −$10.44/SF
NOI
$202.0K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,039,340
Cap Rate 7%
$2,885,243
Cap Rate 9%
$2,244,078
Alternative Uses
Best Use
Office B
$2.89M
$2.52M – $3.37M
NOI $201,967 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.05M
$14.05M – $18.73M
NOI $1,123,848 @ 7.0% cap · market cap 23.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,343
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office space with electric service in a commercial building.
Where is this office building located?
The property is located at 866 2nd Avenue Unit #10A New York Manhattan, NY.
What is the asking price?
The asking price for this property is $4,880,000.
What are key features of this property?
This property features: Office unit 10A; Building completed in 1970; Electric service
