Property profile

2 Park Ave New York, NY 10016

OFF-MARKET
Office buildings
Property ID
US63-5402085
852,731 SF 0.93 ac lot Built 1927
Individually Owned Free & Clear
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Property summary

AI-generated overview

The property is a built, furnished, and wired executive office space occupying the entire 7th floor and totaling 50,017 rentable square feet. The suite includes above-standard-sized private offices, support staff areas, and a dedicated executive boardroom, with interior features such as glass office fronts, exposed ceilings, and carpet flooring throughout. It is configured to include an all-hands/town hall meeting space with the ability to divide the area into multiple sections, supported by existing AV/IT infrastructure. Building amenities include a multipurpose conference center designed to accommodate up to 150 people on the ground floor and a tenant-exclusive penthouse lounge with a coffee bar, informal meeting space, and an outdoor terrace. The building is located near major transportation hubs and multiple subway lines, and there is potential to combine with contiguous space in the building for a larger total rentable area. A lease extension may be possible, subject to landlord approval.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1927
Total area 852,731 SF
Lot 0.93 ac (40,487 SF)
Zoning code C5-2
APN 00862-0029
UPID US63-5402085

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
  • Take-out & Catering
  • Loan Service Bank
  • Law Firm
  • Travel Agency
  • Brewery & Distillery Big Box & Wholesale Store

Location

2 Park Ave New York, NY 10016-5675
New York metro Census 7400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
Last sale
$2.5M
5 recorded transactions
2025
$2.5M
2025
$357.0M
2007
$565.0M
2006
Price N/A
2006
$450.0M

Zoning & alternative use

C5-2 · New York, NY

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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