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Property profile & analytics
OFF-MARKET Estimated value $1,555,000
Investment properties

575 2nd Ave New York, NY 10016-6347

3,612 SF 0.04 ac lot Built 1910
Entity Owned 28-yr Hold Absentee Owner Free & Clear
Property ID
US63-2298821
Property summary
AI-generated overview

This exceptional 1,300-square-foot retail space is ideally situated at 575 2nd Avenue in the vibrant heart of New York City, New York County, zip code 10016. The entire space is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in a high-traffic location. The property is classified as commercial retail with multiple tenancy capabilities, although the entire space is available for lease at this time. This makes it perfect for a variety of businesses seeking a high-visibility storefront in a bustling urban environment. The property's address is easily accessible and benefits from excellent pedestrian and vehicular traffic. The building's total square footage is 1,300 square feet, all of which is currently available for lease. This presents a rare chance to secure a substantial and entirely vacant retail space in a prime New York City location. Interested parties are encouraged to act quickly, as opportunities like this are seldom available. The property is located at latitude 40.7433592 and longitude -73.9773047. Further details regarding lease terms and conditions are available upon request. This is a turnkey opportunity for a business looking to establish a strong foothold in a dynamic and densely populated area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Total area 3,612 SF
Lot 0.04 ac (1,642 SF)
Zoning code C18A
APN 00912-0035
UPID US63-2298821
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
  • Joe Chiffriller Architect
  • Chiff.Com Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.77M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.56M
Owner & transaction history
Tad 575 Second Ave LLC · 28 yrs held
Tad 575 Second Ave LLC
since 1998
4 recorded transactions
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C18A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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