954 2Nd Ave New York, NY 10022
- Investment properties
- 4,030 SF
- 0.03 lot acres
Current Use by Public Records
- In TheSign / General Contractor
- Donna M. Tinnerello, RD / Nutritionist
Property Details for 954 2Nd Ave
- Year built
- 1900
- Lot size
- 0.03 lot acres
- Property size
- 4,030 SF
- Zone code
- C1-9
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01343-0052
- APU
- 13430052
Description
This exceptional mixed-use property at 954 2nd Avenue in New York City presents a compelling investment opportunity. The building encompasses a total of 4,030 square feet and comprises one building with five units. The commercial space is currently occupied by Chubby Cattle, a newly renovated restaurant. Four residential units are also included, providing a diverse income stream. The property is zoned C1-9, allowing for a variety of potential uses. Located in the vibrant heart of New York City, at 954 2nd Avenue, zip code 10022, this property benefits from excellent visibility and accessibility. The building's strategic location within New York County offers significant potential for appreciation and strong rental income. The existing restaurant tenant provides immediate cash flow, while the residential units offer additional revenue generation. This turnkey investment is ideal for both seasoned investors and those seeking a diversified portfolio. The combination of commercial and residential components provides a balanced and resilient investment strategy. The property's size and zoning provide flexibility for future development or expansion, allowing for adaptation to changing market demands. This is a rare opportunity to acquire a well-located, income-producing mixed-use property in one of the world's most dynamic cities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,940,000
- 6.5%
- $2,970,000
- 7%
- $3,165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,360,000
- Geo Method
- $2,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,600,000
- Retail
- $2,700,000
- Mixed-Use
- $2,925,000
- Hospitality
- $3,145,000
- Educational
- $2,685,000
- Residential Income
- $3,270,000
- Energy
- $3,485,000
- Income-Based Land
- $3,360,000
- Food Service
- $3,480,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.968
- Latitude
- 40.7551
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
