Multi-family
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Located at 2029-2031 1st Avenue, this 4,400 sq. ft. two-story retail property presents an exceptional investment opportunity in the heart of East Harlem. With its accessible urban location, functional design, and competitive pricing, this property offers excellent potential for both investors and owner-users.
Property Overview:
- Address: 2029-2031 1st Ave, New York, NY 10029
- Asking Price: $3,000,000 ($681.82/SF)
- Gross Leasable Area (GLA): 4,400 sq. ft.
- Stories: 2
- Typical Floor Size: 2,200 sq. ft.
- Sale Type: Investment or Owner-User
- Property Type: 2-Star Retail
- Location: Urban (East Harlem)
- Class: C
- Construction: Masonry
- Docks: None
Key Features:
Strategic Urban Location:
Situated in East Harlem, this property benefits from a vibrant and dynamic neighborhood with a mix of residential, retail, and commercial activity. The area ensures strong foot traffic and easy accessibility for tenants and customers alike.
Spacious Layout Across Two Floors:
With 4,400 sq. ft. of total space and 2,200 sq. ft. per floor, this property offers a functional and adaptable layout. It is suitable for various retail uses, including storefronts, small businesses, or creative spaces.
Solid Masonry Construction:
The masonry construction provides durability and low maintenance, making it a practical and reliable asset for long-term investment.
Affordable Investment Opportunity:
Priced at $3,000,000, this property represents an excellent value in a developing neighborhood. Its affordable price per square foot makes it a competitive option in Manhattan’s retail market.
Appealing for Investors and Owner-Users:
This 2-star retail property offers flexibility for either leasing to tenants or operating as an owner-occupied business. The manageable size and location make it an attractive choice for a variety of business types.
Conclusion:
2029-2031 1st Avenue is a rare opportunity to acquire a well-located retail property in the heart of East Harlem. With its adaptable layout, competitive pricing, and strong growth potential, this property is an ideal choice for investors seeking a stable asset or entrepreneurs looking for a prime location for their business. Seize this chance to invest in one of Manhattan’s up-and-coming areas!
