Prime Manhattan Corner Development Opportunity

1382-1386 2nd Avenue, New York, NY

$28,000,000

Price

19,388 sqft

Combined Building Size

5,788 sqft

Combined Lot Area

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Overview
Combined Building Size
19,388 sqft
Combined Lot Area
5,788 sqft
Units
24
Zoning
C1-9/R10
Highlights
  • Flexible C1-9 zoning permits approximately 57,880 total buildable square feet for mixeduse/residential development
  • Currently three existing fourstory, mixed-use buildings offering 24 units across 19,388 existing square feet
  • Residential component fully vacant while all existing retail leases have demo clauses or expire by end of 2024
  • Commercial component generates approximately $502,725 of in-place rents offering pre-development income
  • Over 152’ of combined frontage along the rapidly appreciating 2nd Avenue retail corridor
  • Prime Upper East Side location near several area institutions including the NewYork-Presbyterian/Weill Cornell Medical Center and Hunter College
  • The property is ideally located just one block south of the new Second Avenue Subway entrance, providing easy access to lower Manhattan and the outer boroughs
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