923-937 2Nd Ave New York, NY 10022
- Retail properties
- 6,000 SF
Current Use by Public Records
- Retail properties
Property Details for 923-937 2Nd Ave
- Property size
- 6,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- Saratoga
- State
- New York
- Longitude
- -73.9692
- Latitude
- 40.7544
