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    1998 2Nd Ave New York, NY 10029

    For Lease
    Contact for pricing

    Executive Suites, 2,532 - 7,525 SF Available

    Lot size:
    16,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property at 1998 2nd Avenue in East Harlem, New York, NY 10029 offers a unique opportunity for businesses seeking flexible and modern office space. Located in New York County, this retail and office building boasts a total of 16,200 square feet, with a significant portion currently vacant at 13,707 square feet. Multiple tenancy options are available, catering to a range of business needs. Individual suites range from a minimum of 2,532 square feet to a maximum contiguous space of 7,525 square feet, providing ample room for expansion or consolidation. The building features impressive 12.8-foot ceilings, creating a bright and airy atmosphere. This prime location in East Harlem offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a vibrant and convenient urban setting. The property is currently available for lease, presenting a rare chance to secure high-quality office space in a rapidly developing neighborhood. Inquire today to learn more about this exceptional opportunity.

    Property Features for 1998 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,200 SF

    Unit(s) available at that property

    Space
    Space C
    Size
    7,525 SF
    Space
    Space B
    Size
    2,532 SF
    Space
    Basement
    Size
    3,650 SF

    HighLights

    • Prime retail space at the base of a 185‑unit residential building.
    • Tenant improvement allowance and build‑out provided by ownership.
    • Gas‑vented space available.
    • High‑density residential area near major hospitals and schools.
    • New 2nd Avenue Q subway station entrance one block away.
    Property Profile Location Intelligence

    Current Use by Public Records

    1998 2nd Ave Apartment Building

    Suggested Use

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

    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
    -73.943643
    Latitude
    40.7884893

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, 2,532 - 7,525 SF Available
    Where is this office property / space located?
    The property is located at 1998 2Nd Ave New York, NY.
    What are key features of this property?
    This property features: Prime retail space at the base of a 185-unit residential building.; Tenant improvement allowance and build-out provided by ownership.; Gas-vented space available.
    Request Owner's contact information
    1998 2Nd Ave New York, NY 10029
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    New York, NY 10029
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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
    1998 2Nd Ave New York, NY 10029
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