Meridian Capital Group
Meridian Investment Sales

1024 Second Avenue, New York, NY 10022

1024 Second Avenue, New York, NY 10022

1024 Second Avenue is located in the heart of Midtown East and features 80 feet of combined frontage along Second Avenue and East 54th Street.
Midtown East

Corner Mixed-Use Building in Midtown East

Asking Pricing $7,100,000
Type Mixed-Use
Neighborhood Midtown East
Properties 1
Zoning Code C1-9 in Special TA (Air Rights Sold)
Size 4,900 SF
Stories 4
Units 5 Residential Units, 1 Commercial Unit
Air Rights Air Rights Sold

Investment Highlights:

Meridian Investment Sales is pleased to present the Exclusive Offering for 1024 Second Avenue – a corner mixed-use building in Midtown East. Situated in the heart of the Midtown Business district, investors benefit from built-in commercial foot traffic and a flourishing residential market. Located on the northeast corner of East 54th Street and Second Avenue, residents of the building benefit from Equinox, Soul Cycle and a plethora of food and entertainment options within one block.

The Offering consists of five Free Market apartments and one office space renting at below market rents, allowing potential investors a strong in-place cash flow with future upside in repositioning the units. The ground floor retail is leased to Lenny’s, who recently exercised their renewal option through December, 2022 at approximately $200 per square foot.