Property profile

923-937 2Nd Ave New York, NY 10022

OFF-MARKET
Retail properties & Spaces
6,000 SF
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three distinct properties in Midtown East, New York City. The portfolio features a retail condo at 923-937 Second Avenue, a mixed-use building at 253 East 49th Street, and a multifamily building at 248 East 50th Street. The retail condo, the centerpiece of this offering, is a convenience store with a sizable footprint ranging from 6,000 to 16,000 square feet. Its strategic location on the southwest corner of Second Avenue and 49th Street ensures high visibility and accessibility. The mixed-use and multifamily buildings complement the retail component, offering diversification and potential for further development or rental income. The portfolio is situated in a vibrant and densely populated area of Midtown East, benefiting from strong foot traffic and a robust consumer base. This is a rare chance to acquire a well-positioned, income-generating portfolio in one of Manhattan's most desirable locations. The asking price for the entire portfolio is $8,495,000. Detailed financial information and property specifics are available upon request. This is a turnkey investment ideal for experienced real estate investors seeking a significant return in a prime New York City location. The properties are located in the 10022 zip code.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

923-937 2Nd Ave New York, NY 10022
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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