1556 2Nd AveNew York, NY 10028

For Sale
$10,000,000
7-Unit Mixed-Use Building, $10M

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 4-story mixed-use building located at 1556 2nd Avenue in Manhattan's coveted Upper East Side. The property boasts 6,031 square feet and features seven units: six residential apartments and one ground-floor retail space currently under a long-term lease. Situated on a prime 25-foot-wide lot between East 80th and East 81st Streets, this fully free-market building offers significant upside potential. The asking price is $10,000,000, translating to $1,658.10 per square foot. The building benefits from a Tax Class 2B designation, providing tax protection and enhancing its investment appeal. This turnkey investment is ideal for those seeking a luxurious redevelopment project in a highly desirable location with a stable, existing income stream from the retail tenant. The building's prime location and strong rental market make it an attractive proposition for both seasoned investors and those new to the market. The property presents a rare chance to acquire a well-positioned asset with substantial long-term growth potential in one of Manhattan's most sought-after neighborhoods. This is a truly unique opportunity to own a piece of the Upper East Side.

Highlights

  • Prime Upper East Side location.
  • Luxurious, recently renovated building.
  • 100% free-market rental units.
  • Long-term retail lease in place.
  • Tax Class 2B, turnkey investment opportunity.

Property Details for 1556 2Nd Ave

Property type
Mixed-use properties, Apartment buildings
Square Feet
6,031 SF
Units
7

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7743791
Longitude
-73.9540066
1556 2Nd Ave, New York, New York

FAQs

What type of property is this?
Mixed-use property - 7-Unit Mixed-Use Building, $10M
Where is the mixed-use property located?
The property is located at 1556 2Nd Ave New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime Upper East Side location.; Luxurious, recently renovated building.; 100% free-market rental units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1556 2Nd Ave
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