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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

506 2Nd Ave New York, NY 10016

2,474 SF
Property ID
Property summary
AI-generated overview

This exceptional retail space, located at 506 2nd Avenue in New York City's vibrant Midtown East, presents a unique opportunity for a discerning tenant. The entire building, totaling 2,474 square feet, is currently available for lease. This single-suite property offers unparalleled flexibility for a variety of retail concepts. Its prime location in New York County, within the 10016 zip code, ensures high foot traffic and excellent visibility. The property is classified as a retail shop with multiple tenancy potential, although currently presented as a single, large space. The address is 506 2nd Avenue, New York, NY 10016. This presents a rare chance to establish a flagship location in a bustling area of Manhattan. The property's size and layout are ideal for a wide range of businesses, from boutiques and specialty stores to cafes and restaurants. With its strategic location and substantial square footage, this property offers significant potential for growth and success. The building's 2,474 square feet are entirely vacant and ready for immediate occupancy. This is an exceptional opportunity to secure a prominent retail presence in one of New York City's most sought-after neighborhoods. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,474 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pearls Construction LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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