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    506 2Nd Ave New York, NY 10016

    Sponsored
    For Lease
    Contact for pricing

    2,474 SF Shop, New York City

    Lot size:
    2,474 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, located at 506 2nd Avenue in New York City's vibrant Midtown East, presents a unique opportunity for a discerning tenant. The entire building, totaling 2,474 square feet, is currently available for lease. This single-suite property offers unparalleled flexibility for a variety of retail concepts. Its prime location in New York County, within the 10016 zip code, ensures high foot traffic and excellent visibility. The property is classified as a retail shop with multiple tenancy potential, although currently presented as a single, large space. The address is 506 2nd Avenue, New York, NY 10016. This presents a rare chance to establish a flagship location in a bustling area of Manhattan. The property's size and layout are ideal for a wide range of businesses, from boutiques and specialty stores to cafes and restaurants. With its strategic location and substantial square footage, this property offers significant potential for growth and success. The building's 2,474 square feet are entirely vacant and ready for immediate occupancy. This is an exceptional opportunity to secure a prominent retail presence in one of New York City's most sought-after neighborhoods. Serious inquiries are encouraged.

    Property Features for 506 2Nd Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,474 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    2,474 SF

    HighLights

    • 2,474 SF retail space available for lease at 506 2nd Avenue, New York, NY 10016.
    • Adjacent to Target.
    • Steps from NYU Langone Medical Center and Bellevue Hospital Center.
    • Located within Kips Bay Court, an 8‑tower residential complex with 1,500 units.
    • 65'6" of frontage on Second Avenue.
    • 11' ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pearls Construction LLC Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9780672
    Latitude
    40.7412525

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    FAQs

    What type of property is this?
    Individual retail property - 2,474 SF Shop, New York City
    Where is this individual retail property located?
    The property is located at 506 2Nd Ave New York, NY.
    What are key features of this property?
    This property features: 2,474 SF retail space available for lease at 506 2nd Avenue, New York, NY 10016.; Adjacent to Target.; Steps from NYU Langone Medical Center and Bellevue Hospital Center.
    Request Owner's contact information
    506 2Nd Ave New York, NY 10016
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    New York, NY 10016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 2Nd Ave New York, NY 10016
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