1739 2Nd AveNew York, NY 10128

Property Details for 1739 2Nd Ave

Year built

1925

Lot size

0.04 AC

Property size (Sq ft)

8,023 SF

Zone code

C2-8

Property type

Retail residential properties

APN

01535-0028

APU

15350028

Description

This exceptional 5-story mixed-use building, located at 1739 2nd Avenue on the corner of East 90th Street in Yorkville, presents a unique investment opportunity. The property boasts a total of 8,023 square feet, encompassing 8 residential units and 4 retail units. With 101 feet of frontage along 2nd Avenue and East 90th Street, this building offers significant visibility and potential. Built in 1925, the property is zoned C2-8. Its prime location offers convenient access to public transportation, with the Q train at the 86th Street Station providing easy commutes to Downtown Manhattan and Brooklyn. Residents and patrons enjoy proximity to a wealth of amenities, including the 92nd Street Y, Asphalt Green, Carl Schurz Park, Equinox, and Ruppert Park. Nearby, a vibrant mix of restaurants and retailers such as Sandro's, Heidelberg, Van Leeuwen Artisan Ice Cream, Whole Foods, Fairway Market, Barnes & Noble, Lululemon, and AMC Theatres cater to a diverse clientele. This bankruptcy sale presents a compelling opportunity to acquire a well-situated mixed-use property in a highly desirable Upper East Side neighborhood. The opening bid is $3,700,000. The bid deadline is Monday, December 16th at 5:00 PM, with the auction taking place on Tuesday, December 17th at 10:00 AM. Sale is subject to Bankruptcy Court Approval.

• CAP approach

  CAP return

  Valuation

  6%

  $1,644,788

  6.5%

  $1,518,265

  7%

  $1,409,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,624,842

  Geo Method

  $1,624,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,518,265

  Hospitality

  $1,390,723

  Educational

  $1,157,065

  Medical

  $1,196,858

  Retail

  $1,799,879

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7804

Longitude

-73.9502

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].