2147 2nd Avenue
Mixed Use | 6.10% CAP | 16,500 SqFt
Marketing description
Nine story elevator mixed use building consisting of 16 residential apartments and one ground floor retail unit. The residential component features a predominantly two bedroom unit mix with in place rents averaging approximately $3,280 per unit, providing strong in place cash flow with long term stability.
Investment highlights
Popular Location for Manhattan Investors Area presents value-growth potential, as an East Harlem mixed use asset with strong visibility and neighborhood retail demand.
Strong Cash-Flow Approximately $741,817 in gross annual revenue with residential rents averaging $3,280 per unit.
Retail Visibility Ground floor retail with wide street frontage, benefiting from dense surrounding residential demand.
Scale and Investment Flexibility Efficient 17 unit mixed use footprint offering manageable scale and diversified income streams.
Air Rights Approximately 2,488 square feet of as of right air rights offering future expansion or value add optionality.
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