Avison Young
Listed by Avison Young
$5,500,000
973 Second Avenue | Renovated Mixed-Use
Details
APN 1013250028
Property Type Retail, Multifamily
Sub Type Restaurant, Storefront
Square Footage 4,400
Net Rentable (SqFt) 4,930
Occupancy 50%
Tenancy Single
Lease Type Modified
Remaining Term 6
Pro-Forma NOI $246,484
Class B
Year Built 1901
Buildings 1
Stories 4
Lot Size (SqFt) 1,400
Zoning C1-9 / R10
Investment Type Owner/User
Ground Lease No
Renovated Mixed-Use Building | Retail Store | 3 FM Resi Units | Air Rights
Marketing description
Avison Young, as the exclusive agent, is pleased to offer for sale 973 Second Avenue (the “Property”), a renovated and modernized four-story mixed-use building totaling approximately 4,400 gross square feet in Manhattan’s prime Midtown East neighborhood. The Property features four (4) units, one commercial unit on the ground and basement level, and three free-market residential units above.
Investment highlights
- Fully free-market mixed-use building located in prime Midtown East.
- Ground floor retail leased to strong long-standing bakery tenant.
- Building fully renovated including new floors, stairs, windows, electric, roof, bathrooms, kitchens, HVAC.
- Residential portion delivered vacant, prime for owner/user or live + income.
- Covered land play with apprx. 9,600 SF available air rights for future development.
Listing Contacts
Avison Young
Listed by Avison Young
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Is there information that looks off?
