250 East 49th Street 2 Condos in New York, NY

Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale the 100% fee simple interest in the Retail Condominium units at 250 East 49th Street (aka 919 Second Avenue), Block 1322, Lots 1301 and 1379 (the “Property”), located in Midtown East. Situated on the southwest corner of Second Avenue and East 49th Street, the Property consists of two units totaling 6,163 square feet above grade with 1,000 square feet below grade. There is 154 feet of wraparound frontage along both East 49th Street and Second Avenue.
The vacant corner, Unit 1, is 3,735 square feet with over 65 feet of frontage on East 49th Street and 50 feet on Second Avenue. The space was previously occupied by TD Bank on a 20-year lease. There is ample frontage and square footage to divide the unit into three tenant spaces, capturing meaningful upside.
Unit 2 is on a long-term lease to MEDRITE Urgent Care, a medical office providing outpatient services, which has occupied the space since 2010 and renewed its lease in 2025 for an additional ten-year term. The unit contains 2,428 square feet at grade and 1,000 square feet below grade. The operator’s long-term commitment provides nearly a decade of secure, in-place cash flow anchored by an essential-services use.
250 East 49th Street is in the heart of Midtown East, one of Manhattan’s most established residential and commercial neighborhoods. The Property is surrounded by a dense concentration of affluent enclaves, including Sutton Place, Beekman Place, and Tudor City, alongside a substantial office population anchored by the United Nations and the numerous corporate towers surrounding Grand Central.
The Property offers exceptional transportation access via Grand Central Terminal, including the 4/5/6/7 subway lines, the Times Square Shuttle, Metro-North Railroad, and the Long Island Rail Road (LIRR). Immediate vehicular access is available via the FDR Drive.