Financial
Distress signals
Property profile

221 2Nd Ave New York, NY 10003

FOR LEASE
Investment properties
Property ID
US63-3326489
6,739 SF 0.07 ac lot Built 1900
Last sale Jun 1998 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail property, located at 221 Second Avenue in New York City's vibrant East Village (zip code 10003), offers a unique opportunity for businesses seeking a high-traffic location. The building encompasses a total of 4,038 square feet, currently entirely vacant and available for lease. The space is adaptable to multiple tenants, with a minimum divisible unit size of 1,772 square feet and a maximum contiguous space of 2,266 square feet. This allows for flexibility in tailoring

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$51k
Tax billed · 2024
Assessed value$404k
Assessed land$22k
Assessed improvement$382k
Effective rate12.50%

Value estimate

· Sep 2026
$1.69M
$1.52M – $1.86M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$846/SF
ZIP average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$465 – $1,352
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C16A
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home19.0
Assisted Living Facility17.7
Auto Parts Store14.1

Location

221 2Nd Ave New York, NY 10003
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34 Un E, New York, NY 10003-3201 $11,230,971 Jul 2024 6,500 SF
194 3rd, New York, NY 10003-2500 $3,730,000 Apr 2024 6,923 SF
92 University, New York, NY 10003 $3,000,000 Jun 2023 6,688 SF
105 1st, New York, NY 10003-2966 $13,750,000 May 2023 6,311 SF
58 3rd, New York, NY 10003-5532 $10,000,000 Feb 2022 6,308 SF
100 2nd, New York, NY 10003-8307 $13,250,000 Apr 2021 6,581 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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