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Newly Built - Cash Flowing - Low Expenses 698 2nd Ave

5,460 SF 22% Leased Retail Building New York, NY 10016 $7,550,000 ($1,383/SF)

Retail Space New York New York 698 2nd Ave, New York, NY 10016

Investment Highlights

  • Newly Rebuilt, Low-Maintenance 4-Story Mixed-Use Building
  • Each unit has its own separate heating/cooling systems, as well as individual water and electric meters, minimizing expenses
  • Total building area: 4,280 SF with an additional 12,516 SF of unused FAR
  • Retail space on the 1st floor and mezzanine, leased to a long-term tenant

Executive Summary

Newly built 4-story mixed-use building with 1 retail space with newly signed long term lease on ground and 2nd floor, two 2-bedroom 2-bath apartments on the 3rd and 4th Floors, and a finished basement. The 3rd Floor apartment has a terrace - the 4th-floor apartment has a balcony - both apartments have access to the roof. Submit Best Offer.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,460 SF
Building Class
B
Year Built
2018
Price
$7,550,000
Price Per SF
$1,383
Percent Leased
22%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.13
Land Acres
0.04 AC
Zoning
C1-9, TA - The property is Commercially zoned C1-9/TA allowing for an additional 12,509 SF of available air rights.
Frontage
21 FT on 2nd Avenue
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Gristedes
TD Bank
Shake Shack
Starbucks
Orangetheory Fitness
Citizens
Wagamama
Blink Fitness
Just Salad
Chase

PROPERTY TAXES

Parcel Number 0943-0060 Improvements Assessment $100,394
Land Assessment $196,560 Total Assessment $242,832

PROPERTY TAXES

Parcel Number
0943-0060
Land Assessment
$196,560
Improvements Assessment
$100,394
Total Assessment
$242,832
(646) 649-9829

  • Listing ID: 28606907

  • Date on Market: 5/30/2023

  • Last Updated:

  • Address: 698 2nd Ave, New York, NY 10016

More public record information on 698 2nd Ave, New York, NY 10016

The Retail Property at 698 2nd Ave, New York, NY 10016 is currently available For Sale. Contact Highcap Group LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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698 2nd Ave, New York, NY for sale Building Photo- Image 1 of 8
698 2nd avenue - new photo
698 2nd Ave, New York, NY for sale Interior Photo- Image 2 of 8
2nd Ave - retail2
698 2nd Ave, New York, NY for sale Interior Photo- Image 3 of 8
2nd Ave - retail
698 2nd Ave, New York, NY for sale Interior Photo- Image 4 of 8
2nd Ave - retail3
698 2nd Ave, New York, NY for sale Interior Photo- Image 5 of 8
2nd Ave - Kitchen
698 2nd Ave, New York, NY for sale Building Photo- Image 6 of 8
2nd Ave - roof
698 2nd Ave, New York, NY for sale Interior Photo- Image 7 of 8
2nd Ave - washer dryer

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Newly Built - Cash Flowing - Low Expenses | 698 2nd Ave
(646) 649-9829 x

Newly Built - Cash Flowing - Low Expenses | 698 2nd Ave

1/2

Alex Frants

(646) 649-9829

(646) 649-9829

Christen Portelli

(646) 546-5255

(646) 546-5255

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