2035 2Nd AveNew York, NY 10029

Property Details for 2035 2Nd Ave

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

11,492 SF

Zone code

R9A

Property type

Office buildings

APN

01654-0026

APU

16540026

Description

This exceptional Class A retail space, located on the vibrant Upper East Side at 2035 2nd Avenue (near 2nd Avenue), offers 2,500 square feet of meticulously renovated space. Built in 1940 and extensively updated in 2020, this single-tenant property is situated within a four-story building and benefits from elevator access. The zoning is R8. The first floor boasts a desirable array of features including central air conditioning, two bathrooms, a kitchenette, outdoor space, eight private offices, a separate conference room, high ceilings, and a dedicated entrance. The remaining three floors (2nd, 3rd, and 4th) offer a similar amenity package, but with an open-concept layout. While the entire 2,500 square feet is available, there is also the option to lease individual spaces separately. This property presents a unique opportunity for a discerning tenant seeking a prestigious location in a highly sought-after neighborhood of New York County, New York, zip code 10029. The building itself is a single structure. This is a truly remarkable space ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,899,971

  6.5%

  $1,753,819

  7%

  $1,628,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,501,545

  Geo Method

  $1,501,545

• Alternative Use

  Use

  Valuation

  Residential

  $2,174,736

  Hospitality

  $1,992,046

  Educational

  $1,657,359

  Medical

  $1,714,358

  Retail

  $2,578,114

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7899

Longitude

-73.9434

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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