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Four-Story Mixed-Use Building
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For Sale
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949 Second Avenue, New York, NY 10022

Includes vacant residential apartments, ground-floor retail, and legal rear terraces on the upper levels.

Property SizeContact for details
Days on Market7

Property Features for 949 Second Avenue

General Information

Standard status Active
Property subtype Mixed Use

Property Condition

Severity Repairs Needed
Evidence immediate renovation

Additional Details

Multifamily Units 2

Amenities

large legal rear terraces

Building Details

Buildings 1
Stories 4
Listing Agency: Meridian Capital Group
Listed By: David Schechtman · License #10301211874
Source: Crexi
Added: Sep 5 Changed: Sep 9 Last Checked: Sep 11 at 6:19AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

949 Second Avenue is a four-story mixed-use property in Manhattan’s Midtown East with residential and retail components. The building contains two free-market apartments, each delivered vacant, along with a street-level retail space occupied by Morningstar Café under a lease running through 2028. The residential units provide an opportunity for renovation and future leasing, while the retail tenancy remains in place.

Upper levels feature large legal rear terraces. The property has also benefited from recent ownership capital improvements. Its prior occupancy by Ford Models adds historical context, while the combination of vacant residential space and an operating ground-floor commercial tenancy creates a varied income profile.

Key Highlights

  • Four‑story mixed‑use building at 949 Second Avenue in Manhattan’s Midtown East
  • Two free‑market residential units delivered vacant
  • Ground‑floor retail leased to Morningstar Café through 2028

Property Analytics

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Current Use

Forrest Sign Co. (Bike/Boat/Book/etc) Store MORNING STAR CAFE Restaurant

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Buffet Adult Day Care

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

64,721
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Includes vacant residential apartments, ground-floor retail, and legal rear terraces on the upper levels.
Where is this mixed-use property located?
The property is located at 949 Second Avenue New York, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four‑story mixed‑use building at 949 Second Avenue in Manhattan’s Midtown East; Two free‑market residential units delivered vacant; Ground‑floor retail leased to Morningstar Café through 2028
(212) 468-5907 Call to check price and availability
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