2147 2nd Avenue, New York, NY, USA

East Harlem, New York

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Asking Price

$6,500,000

Price Per SF

$394

Capitalization Rate

6.10%

Year Built

2008

Property Type

Mixed-Use (D6)

Popular Location for Manhattan Investors
Area presents value-growth potential, as an East Harlem mixed use asset with strong visibility and neighborhood retail demand.
Strong Cash-Flow
Ground floor retail with wide frontage, supported by dense surrounding residential population and strong Second Avenue exposure.
Retail Visibility
Strong & stabilized gross annual revenue driven by residential rents averaging $3,280 per unit and comparable market retail rents
Scale and Investment Flexibility
Efficient 17 unit mixed-use footprint offering manageable scale & diversified income streams