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249 E 48th St - Retail Condo 7,418 SF Retail Condo Unit in New York, NY 10017
Data Room Click Here to Access
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Avison Young, as exclusive agent, is pleased to offer for sale three retail condominium units (the “Property”) totaling 7,418 square feet at the base of Turtle Bay House, located at the corner of East 48th Street and Second Avenue in one of Midtown Manhattan’s most established residential neighborhoods. Featuring 112’ of frontage on 2nd Avenue, this offering represents a rare opportunity to acquire a fully occupied, income producing retail portfolio underpinned by long-term tenancies, meaningfully below-market rents, and a compelling value-add thesis through tax remediation.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1-3 | 7,418 SF | Retail | Upon Request | - |
Unit 1-3
| Unit Size |
| 7,418 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
1 of 0
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Unit 1-3
| Unit Size | 7,418 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Avison Young, as exclusive agent, is pleased to offer for sale three retail condominium units (the “Property”) totaling 7,418 square feet at the base of Turtle Bay House, located at the corner of East 48th Street and Second Avenue in one of Midtown Manhattan’s most established residential neighborhoods. Featuring 112’ of frontage on 2nd Avenue, this offering represents a rare opportunity to acquire a fully occupied, income producing retail portfolio underpinned by long-term tenancies, meaningfully below-market rents, and a compelling value-add thesis through tax remediation.</li></ul> |
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 | 154,071 SF | Floors | 21 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 7,397 SF |
| Property Subtype | Apartment | Year Built | 1959 |
| Building Class | B | Lot Size | 0.32 AC |
| Zoning | C1-9 R8B | ||
| Total Building Size | 154,071 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 21 |
| Typical Floor Size | 7,397 SF |
| Year Built | 1959 |
| Lot Size | 0.32 AC |
| Zoning | C1-9 R8B |
Amenities
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Spa
- Doorman
- Roof Terrace
- Elevator
- Maintenance on site
- Public Transportation
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Kips Bay Gourmet Market |
-
|
Jan 0000
|
| Dr. Gene Sheinkman |
-
|
Jan 0000
|
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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249 E 48th St - Retail Condo
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