1024 Second Avenue, New York, NY 10022
1024 Second Avenue, New York, NY 10022
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.