1382-1386 2nd Avenue

Address: 1382-1386 2nd Avenue, New York, New York, US

New York & Tri-State + Development Opportunity

Created date: September 19, 2023

Date last updated: September 19, 2023

Flexible C1-9 zoning permits approximately 57,880 total buildable square feet for mixed- use/residential development

Currently three existing four- story, 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

Property Description

Flexible C1-9 zoning permits approximately 57,880 total buildable square feet for mixed- use/residential development Currently three existing four- story, 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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