Property profile

1980 2Nd Ave New York, NY 10029

FOR SALE
Mixed-use properties
Property ID
US63-0793321
50,000 SF
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Property summary

AI-generated overview

Introducing the Harlem 2nd Ave Portfolio, a remarkable collection of four mixed-use properties located in the heart of East Harlem in New York City. These properties, situated at 1968, 1978, 1980, and 1982 2nd Ave, present an exceptional development opportunity or investment option. With a total area of over 50,000 square feet encompassing both residential and commercial spaces, this portfolio offers immense potential. Furthermore, the Harlem 2nd Ave Portfolio comes with an additional advantage - over 58,000 square feet of unused air rights, enabling further expansion and development possibilities. Immerse yourself in the vibrant atmosphere of this sought-after neighborhood, as these properties are conveniently situated within walking distance of parks, markets, bars, and restaurants. Don't miss out on this exceptional chance to own a piece of Harlem's dynamic landscape and diverse culture. New developments in the immediate area, as the possibilities seem endless. There isn’t just one or two but a collection of 11 sites, in our brochure, that will show the future potential.

Property profile

Verified
Property type Mixed-use properties
Total area 50,000 SF
UPID US63-0793321

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Food Market Restaurant
  • General Contractor Construction Company
  • Specialty Food Shop
  • Home Decor Store

Location

1980 2Nd Ave New York, NY 10029
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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