1968 Second Ave
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1968 Second Ave
21,000 SF 100% Leased Retail Building New York, NY 10029 $35,000,000 ($1,666.67/SF)
INVESTMENT HIGHLIGHTS
- The building has 43,175 total unused FAR making it an ideal space for developers.
- Near many public transit stops including several 2nd Avenue bus stations and only 0.5 mile from 103rd Street Subway station.
EXECUTIVE SUMMARY
Investment Highlights
- 21,520 square feet
- 2 floors of commercial space
- Located on the corner of 2nd Avenue and East 101st Street
- Excellent Location for a diverse range of businesses
Executive Summary
Prime commercial space with potential for serious development. This two-floor building currently houses a supermarket on the ground level and includes an additional second floor. At 21,520 square feet, the space can easily be transformed to suit several different businesses. The building has 43,175 total unused FAR making it an ideal space for developers. Conveniently located on the corner of 2nd Avenue and East 101st Street in East Harlem. Near many public transit stops including several 2nd Avenue bus stations and only 0.5 mile from 103rd Street Subway station.
- 21,520 square feet
- 2 floors of commercial space
- Located on the corner of 2nd Avenue and East 101st Street
- Excellent Location for a diverse range of businesses
Executive Summary
Prime commercial space with potential for serious development. This two-floor building currently houses a supermarket on the ground level and includes an additional second floor. At 21,520 square feet, the space can easily be transformed to suit several different businesses. The building has 43,175 total unused FAR making it an ideal space for developers. Conveniently located on the corner of 2nd Avenue and East 101st Street in East Harlem. Near many public transit stops including several 2nd Avenue bus stations and only 0.5 mile from 103rd Street Subway station.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,000 SF
Building Class
B
Year Built
1994
Price
$35,000,000
Price Per SF
$1,666.67
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.26 AC
Zoning
R7-2, New York, (K2) - Medium-density apartment house district with lower parking requirements
Frontage
93’ on 2nd Avenue
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Metro/Subway
- Security System
- Signage
- Signalized Intersection
- Skylights
- Roof Terrace
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1673-0001 | Improvements Assessment | $2,633,210 |
| Land Assessment | $289,800 | Total Assessment | $2,923,010 |
PROPERTY TAXES
Parcel Number
1673-0001
Land Assessment
$289,800
Improvements Assessment
$2,633,210
Total Assessment
$2,923,010
CONTACTS
-
Smitha Ramchandani -
Edward Joseph -
Christie’s International Real Estate Group, Inc.
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