977 Second Avenue
Avenue Mixed-Use | Licensed Dispensary + 3 FM Units
Marketing description
Avison Young has been retained on an exclusive basis to arrange for the sale of 977 Second Avenue (the "Property"). The Property is a premium mixed-use asset in the heart of Midtown East, Manhattan. The Property features three free-market residential apartments, a retail store on the ground floor leased to a licensed cannabis dispensary, and a full basement. The Property offers significant in-place cash-flow for investors, upside in the residential units, and potential long-term development potential as part of an assemblage (air rights previously transferred).
Investment highlights
Premium mixed-use building.
Fully leased.
100% free-market.
3 residential units + 1 commercial unit.
Licensed cannabis dispensary tenant.
Protected tax class 2A.
Significant in-place income.
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