High-Value Retail/Office Investment Opportunity on Second Avenue
Address: 1968 2nd Ave, New York, NY, 10029
Price Range: $35,000,000 – $65,000,000 ($1,268.29 – $1,666.67/SF)
Type: 3-Star Retail Storefront Retail/Office
Cap Rate: 2.73%
Overview:
Situated in a prime urban location, this 21,000 SF storefront retail and office property presents a lucrative investment opportunity. With two listings available, this Class B masonry building offers flexible pricing options to meet diverse investor needs. Its strategic location, durable construction, and potential for steady returns make it a standout choice for long-term growth.
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Key Features:
Prime Urban Location:
Nestled in the heart of East Harlem, this property benefits from excellent visibility, foot traffic, and proximity to major transportation hubs, residential areas, and commercial corridors, ensuring a consistent customer and tenant base.
Ample Space & Versatility:
The building spans 21,000 SF across two stories, with each floor offering 10,500 SF of leasable space. Its 11′ ceiling height and 32′ building height make it suitable for a range of tenants, including retail businesses and office users.
Durable and Functional Design:
Constructed with masonry, the property ensures lasting durability. Features like loading docks add to its functionality, making it attractive to logistics-oriented businesses or tenants requiring efficient supply chain support.
Highlights:
- GLA: 21,000 SF, with typical floor size of 10,500 SF
- Stories: 2
- Ceiling Height: 11′
- Building Height: 32′
- Construction: Sturdy masonry build for reliability
- Loading Docks: Yes, adding logistical convenience
- Location: Thriving East Harlem urban area with strong potential for growth
This property provides a rare opportunity to secure a valuable asset in a high-demand location. Whether you’re looking for a steady income-generating investment or a strategic addition to your portfolio, this storefront retail/office space is an exceptional choice. Contact us today for additional details or to schedule a property tour!
