698 2nd Ave
New York, NY 10016
Commerce de détail Propriété À vendre

This newly constructed four-story mixed-use building in the heart of Murray Hill offers a rare combination of stable income and future upside. The property features a ground-floor retail unit with mezzanine space, secured by a long-term 10-year lease with 3% annual rent escalations, ensuring predictable cash flow. Above, two spacious free-market apartments each provide three bedrooms and two baths, complemented by high-end finishes, private outdoor areas, and independent utilities—ideal for attracting discerning tenants.
Modern mechanical, electrical, plumbing, and HVAC systems deliver turnkey efficiency, while approximately 12,500+ square feet of unused FAR unlocks significant development potential for investors seeking value-add opportunities. Located in a vibrant neighborhood with a Walk Score of 99 and Transit Score of 100, the property benefits from unmatched accessibility to subway lines, Grand Central Terminal, and Midtown’s business core. Surrounded by dining, retail, and cultural landmarks, this address appeals to both residential and commercial demand drivers.
With strong fundamentals, premium finishes, and strategic positioning in one of Manhattan’s most desirable live-work districts, this asset represents an exceptional opportunity for long-term growth and stability.