Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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