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    954 2Nd Ave New York, NY 10022

    Sponsored
    For Sale
    Contact for pricing

    Renovated Restaurant & Apartments

    Property size:
    4,030 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 954 2nd Avenue in New York City presents a compelling investment opportunity. The building encompasses a total of 4,030 square feet and comprises one building with five units. The commercial space is currently occupied by Chubby Cattle, a newly renovated restaurant. Four residential units are also included, providing a diverse income stream. The property is zoned C1-9, allowing for a variety of potential uses. Located in the vibrant heart of New York City, at 954 2nd Avenue, zip code 10022, this property benefits from excellent visibility and accessibility. The building's strategic location within New York County offers significant potential for appreciation and strong rental income. The existing restaurant tenant provides immediate cash flow, while the residential units offer additional revenue generation. This turnkey investment is ideal for both seasoned investors and those seeking a diversified portfolio. The combination of commercial and residential components provides a balanced and resilient investment strategy. The property's size and zoning provide flexibility for future development or expansion, allowing for adaptation to changing market demands. This is a rare opportunity to acquire a well-located, income-producing mixed-use property in one of the world's most dynamic cities.

    Property Features for 954 2Nd Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,030 SF

    Building Details

    Buildings
    1
    Units
    5

    HighLights

    • Mixed‑use building totaling 4,030 square feet.
    • Features a newly renovated restaurant space.
    • Currently occupied by Chubby Cattle restaurant.
    • Includes four residential units.
    • Located at 954 2nd Ave, New York, NY 10022, and zoned C1‑9.
    Property Profile Location Intelligence

    Current Use by Public Records

    In TheSign General Contractor Donna M. Tinnerello, ... Nutritionist

    Suggested Use

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

    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
    -73.9679693
    Latitude
    40.755089

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated Restaurant & Apartments
    Where is this mixed-use property located?
    The property is located at 954 2Nd Ave New York, NY.
    What are key features of this property?
    This property features: Mixed-use building totaling 4,030 square feet.; Features a newly renovated restaurant space.; Currently occupied by Chubby Cattle restaurant.
    Request Owner's contact information
    954 2Nd Ave New York, NY 10022
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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
    954 2Nd Ave New York, NY 10022
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