Multi-family

Investment Opportunity – Mixed-Use Property in East Harlem

Address: 1976 2nd Ave, New York, NY, 10029
Price: $2,995,000 ($176,176/Unit)
Cap Rate: 7.20%
Sale Type: Investment
Total Space: 2,450 SF
Smallest/Max Contiguous Space: 2,450 SF
Number of Spaces: 1
Medical Space Availability: 2,450 SF
Vacancy: 2,450 SF
Rent: Withheld

Property Overview:

Located in the thriving neighborhood of East Harlem, 1976 2nd Avenue presents a prime investment opportunity. This mixed-use property offers 2,450 SF of versatile space, suitable for medical, office, or retail use. With a strong cap rate of 7.20%, this asset provides a solid return for investors seeking stable rental income in a high-demand area.

Key Features:

Strategic East Harlem Location:

• Positioned on 2nd Avenue in a rapidly developing neighborhood with strong residential and commercial growth.
• High-traffic area with excellent visibility and accessibility, making it ideal for retail or medical tenants.
• Surrounded by local businesses, restaurants, and cultural destinations, attracting both residents and visitors.

Versatile & Spacious Layout:

• 2,450 SF of open-plan space, suitable for medical offices, retail shops, or professional services.
• High ceilings and large windows provide a bright, welcoming atmosphere.
• Easily configurable for various business needs.

Strong Investment Potential:

• 7.20% cap rate offers a high return on investment.
• Growing demand for commercial space in East Harlem ensures strong leasing potential.
• Perfect for investors looking for a long-term income-producing asset.

Excellent Transit Access:

• Steps from major subway lines (4, 5, 6) and multiple bus routes.
• Convenient access to the FDR Drive, making it easily reachable for customers and tenants.

Highlights:

✔ 2,450 SF investment property in a high-growth area
✔ $2,995,000 asking price with a strong 7.20% cap rate
✔ High-visibility location with excellent foot traffic
✔ Ideal for medical offices, retail, or professional services
✔ Convenient access to public transit and major roadways

Conclusion:

1976 2nd Avenue offers investors a rare opportunity to acquire a well-located, income-generating property in East Harlem. With its strategic location, flexible layout, and strong cap rate, this property is ideal for investors seeking stable returns and long-term value appreciation in Manhattan’s growing commercial market.

Contact us today for more details or to schedule a private viewing!