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Executive Summary

Size: Total 1,000 SF ( Basement: 500 SF) R.E tax:$36,186 C.C:$1,170 Current State: Fully equipped Deli with kitchen and seating Benefit: Immediate occupancy or leasing available; no key money required Low vacancy rates in this corridor ensure stable rental income & long-term capital appreciation.

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1 Unit Available

Unit C1

Unit Size 1,000 SF
Price $3,013,428 CAD
Price Per SF $3,013.43 CAD
Condo Use Retail
Sale Type Investment or Owner User
Cap Rate 5.00%
NOI $150,671.40 CAD
Sale Conditions 1031 Exchange, Building in Shell Condition
Description

Size: Total 1,000 SF ( Basement: 500 SF)
R.E tax:$36,186  C.C:$1,170
Current State: Fully equipped Deli with kitchen and seating
Benefit: Immediate occupancy or leasing available; no key money required
Low vacancy rates in this corridor ensure stable rental income & long-term capital appreciation.

Sale Notes

Unbeatable Corner Location:
High-visibility frontage on 2nd Avenue with heavy foot traffic.
Daptable Space: Deli/Retail layout, easily convertible for new concepts.
Transit Prime: Steps 96th St Station Q and 4,5,6 on Lexington Ave for max accessibility
Strategic Asset: Ideal for Owner-Users looking to eliminate rent or 1031 Exchange investors seeking a stable,
recession-proof asset.

1838 2nd Ave. New York Info
1838
View Photo 1838 2nd Ave. New York Info
View Photo 1838

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 13,650 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 10
Typical Floor Size 1,365 SF
Year Built 1987
Lot Size 0.04 AC
Zoning C2-8, New York - C1-/C2 Districts are commercial districts that are predominantly residential in character.

Amenities

Site Amenities

  • On-Site Retail

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 - 680
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Major Tenant Information

TENANT SF Occupied LEASE END DATE
The UPS Store - August 2020
Five Luck Chinese Restaurant - December 2015
  • Listing ID: 40513783

  • Date on Market: 2026-05-13

  • Last Updated:

  • Address: 1832-1838 2nd Ave, New York, NY 10128

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