PRESENTS. 845 SECOND AVENUE RETAIL CONDO SPONSOR UNIT FOR SALE
845 SECOND AVENUE RETAIL INVESTMENT OFFERING SALES PRICE $3,700,000 This unique Mid-Town East property offers the purchaser several exciting possibilities. The existing ground floor retail condo can be delivered VACANT with additional air-rights purchased from the seller. The seller was also part of the original Sponsor Group of this condo building and holds a permanent seat on the board. This permanent seat is transferred to the new purchaser. The space also comes with no restrictions on use and has additional storage in a finished basement level. This is a great opportunity for a user or investor looking for prime retail space in Mid-Town East on 2nd Avenue.The space is currently being rented to a hardware store in which the seller once owner of the business can deliver the space vacant upon closing. 845 Second Avenue is a 10-story mix-use elevator condominium located in the heart of Mid-Town East. Nearby landmarks include; United Nations, Grand Central Terminal, FDR Highway, The Palm and Palm II amongst other Second Avenue favorites. Common charges have stayed the same in this building since its inception as condo in 2006. Taxes have stayed relatively the same since turning condo, and there are no assessments actively in the building. Heavy foot traffic and prime visible frontage for a business types.
845 SECOND AVENUE RETAIL METRICS 3,016 1 TOTAL SQUARE FEET INCLUDING BASEMENT TOTAL UNITS $1,243 $59,583 PRICE /SF PROJECTED TAXES 3.92% C1-9/TA CAP RATE 17.5' FRONTAGE ZONING 7,816 AVAILABLE AIR RIGHTS (fees apply) 1319/1201 BLOCK/LOT 25 X100 LOT DIMENSIONS
845 SECOND AVENUE RETAIL PROJECTED INCOME UNIT Retail TYPE 15% Common Interest GROSS SQUARE FOOT 1,916 USE Any Use PROJECTED RENT $PSF $115.00 RENT $18,361 / $220,340 ESTIMATED CAP RATE 3.92% PROJECTED EXPENSES COMMON CHARGES: $1,087.70 / $13,052.40 TAXES: $4,965.25 / $59,583 INSURANCE: $208.33 / $2,500 PROJECTED NET INCOME $12,100.38 / $145,204.60
BOROUGH Manhattan is a significant part of a much larger population system; the New York City metropolitan area is the largest in the United States, with more than 19 million inhabitants in three states.
NEIGHBORING STREET BUSINESSES
NEIGHBORING STREET BUSINESSES CENTRAL PARK W 58TH ST W 57TH ST W 54TH ST 5TH AVE MADISON AVE E 64TH ST E 62ND ST E 60TH ST E 58TH ST E 56TH ST E 54TH ST E 59TH ST LEXINGTON AVE 3RD AVE E 61ST ST E 57TH ST E 55TH ST E 53RD ST 10 MIN WALK 5 MIN WALK E 63RD ST E 58TH ST E 56TH ST E 54TH ST E 52TH ST 1ST AVE E 64TH ST E 60TH ST SUTTON PLACE YORK AVE FDR DR QUEENSBORO BRIDGE W 51ST ST E 51ST ST PARK AVE E 50TH ST E 49TH ST 2ND AVE E 48TH ST W 45TH ST GRAND CENTRAL E 46TH ST 3RD AVE E 45TH ST MIDTOWN E 43RD ST E 47TH ST X E 44TH ST THE UNITED NATIONS EAST RIVER BRYANT PARK 5TH AVE E 42ND ST E 36TH ST E 40TH ST E 38TH ST TUNNEL EXIT ST E 41ST ST E 39TH ST E 37TH ST MURRAY HILL TUNNEL APPROACH ST TUDOR CITY PLACE QUEENS-MIDTOWN TUNNEL E 35TH ST E 34TH ST
Food / Dining Hotels Organizations The Four Seasons The Four Seasons Japan Society Smith & Wollensky W New York Turkish Center Sparks Steak House InterContinental New York U.S. Foreign Missions Le Cirque The Westin New York Germany House Deux Amis Waldorf Astoria Hotel U.S. Post Office Sushi Yasuda The Roosevelt Hotel Ford Foundation The Smith Millennium ONE UN New York Il Postino Megu Modern Japanese Shopping Landmarks Dag Hammarskjold Plaza Brooks Brothers The Trump World Tower Barney s Empire State Building Bloomingdale s The Chrysler Building Museum of Modern Art Saks Fifth Avenue Rockefeller Center New York Public Library Apple Store St. Patrick s Cathedral Whole Foods Starbucks Attractions MTA Subway Station
CONTACT US E d u a r d Za y t s e v Director of Sales and Leasing Camelot Realty Group 3 West 30th Street, 5th, Floor New York, NY 10001 (646) 472-6790 Eduard@camelot.nyc www.camelot.nyc