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Property profile & analytics

978 2nd Ave New York, NY 10022-6355

  • Retail residential properties
  • 9,500 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
$2,995,000
Cap Rate Potential
Location Intelligence
Property ID
US63-3054421
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail residential properties

Property Details for 978 2nd Ave

Year built
1901
Lot size
0.06 lot acres
Property size
9,500 SF
Zone code
C1-9
Property type
Retail residential properties
APN
01344-0051
APU
13440051

Description

This exceptional retail property, located at 978 2nd Avenue in the coveted Sutton Place submarket of Midtown East, New York County, presents a unique investment opportunity. Built in 1920, the building offers a total of 10,000 square feet across multiple tenancies. Currently, a prime 3,300 square foot ground floor retail space is available, along with an additional 2,500 square foot lower level space, perfect for expansion or specialized use. The ground floor space benefits from high foot traffic and a desirable location within easy walking distance of the 4, 6, E, and M subway lines, as well as numerous bus routes. The property's convenient location is further enhanced by its proximity to a vibrant array of restaurants, bars, and other attractions. The space includes valuable features such as a full kitchen and two private bathrooms, making it ideal for a variety of retail concepts. A private dining area in the back adds to the versatility and potential of this exceptional space. This is a rare opportunity to secure a well-positioned retail space in one of Manhattan's most sought-after neighborhoods. The property's history and location combine to create a unique and attractive offering for discerning businesses.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9675
Latitude
40.7558
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$183,213
$308,700
$1,156,770
$1,465,470
-
$686,000
$2,799,000
$3,485,000
More about this property
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