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Mixed-Use

199 Second Avenue

199 2nd Ave, New York, NY 10003

Listing Price: $8,950,000

Cap Rate
4.55%
Number of Units
5
Occupancy
100.0%
Price/Unit
$1,790,000
Price/Gross SF
$1,224.69
Gross SF
7,308

Investment Overview

Marcus & Millichap is the exclusive sales broker for 199 Second Avenue (the “Property”), a mixed-use building in the East Village. The Property is comprised of four free-market apartments and one store. The apartments are large and renovated, and include a two-bedroom, a three-bedroom and two four-bedrooms. The commercial tenant is a Japanese restaurant with a full liquor license and a lease expiring in 2031. The Property is zoned R7A with a C1-5 commercial overlay. It is neither landmarked nor in a historic district.

Investment Highlights

  • Four Apartments & 1 Store
  • Tax Class 2A
  • No Rent Regulation
  • Long-Term Commercial Lease

Exclusively Listed By

Mixed-Use

199 Second Avenue

Listing Price: $8,950,000

Cap Rate
4.55%
Number of Units
5
Occupancy
100.0%
Price/Unit
$1,790,000
Price/Gross SF
$1,224.69
Gross SF
7,308

Investment Highlights

  • Four Apartments & 1 Store
  • Tax Class 2A
  • No Rent Regulation
  • Long-Term Commercial Lease

Investment Overview

Marcus & Millichap is the exclusive sales broker for 199 Second Avenue (the “Property”), a mixed-use building in the East Village. The Property is comprised of four free-market apartments and one store. The apartments are large and renovated, and include a two-bedroom, a three-bedroom and two four-bedrooms. The commercial tenant is a Japanese restaurant with a full liquor license and a lease expiring in 2031. The Property is zoned R7A with a C1-5 commercial overlay. It is neither landmarked nor in a historic district.

Exclusively Listed By

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