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Harlem Mixed-Use Portfolio Opportunity
For Sale
Contact for pricing
Pending

1980 2nd Ave, New York, NY 10029

Four mixed-use properties in East Harlem with significant development potential.

Property Size50,000 SF
Days on Market1111

Property Features for 1980 2nd Ave

General Information

Standard status Pending
Size 50,000 SF
Property subtype Retail, Multifamily, Mixed Use
Occupancy 100%
Investment Type Stabilized
Net Operating Income $1,775,000

Building Details

Buildings 4
Units 44
Tenancy Multi
Listing Agency: The Agency
Listed By: Bryan Lanza · License #NY 10401287317
Source: Crexi
Added: Aug 24, 2023 Changed: Aug 27 Last Checked: Sep 7 at 3:21AM

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 The Agency

Investment Insights

Based on property information with market context.

The Harlem 2nd Ave Portfolio features four mixed-use properties located in East Harlem, New York City. Situated at 1968, 1978, 1980, and 1982 2nd Ave, the properties offer a development or investment opportunity. The portfolio encompasses over 50,000 square feet of residential and commercial spaces. The properties also include over 58,000 square feet of unused air rights, allowing for further expansion and development. The properties are located within walking distance of parks, markets, bars, and restaurants. New developments are planned in the immediate area.

Key Highlights

  • Exceptional development or investment opportunity.
  • Over 58,000 square feet of unused air rights for expansion and development.
  • Total area of over 50,000 square feet encompassing residential and commercial spaces.

Property Analytics

Current Use

102 Family Organic ... Food Market HARROW CONSTRUCTION & MANAGEMENT ... General Contractor 1980 Gourmet Deli Specialty Food Shop Harlem Heirloom Home Decor Store

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12,024
Businesses Nearby

Demographics for 10029, NY

78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four mixed-use properties in East Harlem with significant development potential.
Where is this mixed-use property located?
The property is located at 1980 2nd Ave New York, NY.
What are key features of this property?
This property features: Exceptional development or investment opportunity.; Over 58,000 square feet of unused air rights for expansion and development.; Total area of over 50,000 square feet encompassing residential and commercial spaces.
(914) 262-2598 Call to check price and availability
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