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1435 Second Ave
New York, NY 10021
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Prime Upper East Side location near East 74th and 75th Streets.
- Surrounded by popular restaurants, shops, and transit options.
- Retail space can be delivered vacant at closing.
- Additional development potential with 11,270 SF of unused FAR.
Executive Summary
1435 Second Avenue is a mixed-use property on the Upper East Side in a prime, high-foot-traffic corridor between 74th and 75th Streets. The building offers approximately 4,340 SF across four floors and is currently fully built out as a restaurant, with the option to be delivered vacant. Built in 1910 on an 18.92 ft x 72 ft lot, it is zoned C1-9/C-8 and includes one commercial unit with three residential units above. The property also benefits from approximately 11,270 SF of unused air rights, offering strong potential for future expansion or redevelopment.
Property Facts
| Price Per Unit | $2,362,184 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 5.10% | Building Size | 4,340 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | C1-9 (R10) 8c - C1-9 Zoning is a Local Retail and Local Service Commercial Zoning District in NYC. In C1-9 you can build a variety of commercial building uses, community facilities, and residential buildings. | ||
| Price Per Unit | $2,362,184 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,340 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | C1-9 (R10) 8c - C1-9 Zoning is a Local Retail and Local Service Commercial Zoning District in NYC. In C1-9 you can build a variety of commercial building uses, community facilities, and residential buildings. |
Property Taxes
| Parcel Number | 1429-0027 | Improvements Assessment | $906,909 CAD |
| Land Assessment | $394,476 CAD | Total Assessment | $1,301,386 CAD |
Property Taxes
Parcel Number
1429-0027
Land Assessment
$394,476 CAD
Improvements Assessment
$906,909 CAD
Total Assessment
$1,301,386 CAD
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