575 Second Avenue — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10016

Investment Figures

Cap rate
5.10%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale 575 Second Avenue, a well-located mixed-use asset in the heart of Kips Bay. Situated on the west side of Second Avenue between East 31st and 32nd Street, the property consists of seven units across approximately 3,600 square feet. It sits on a 16.42’ x 100’ lot (Block: 912, Lot: 35) and is built 16’ x 49’. The zoning is C1-8A.? Investment Highlights: • 575 Second Avenue is a four-story building is comprised of six studio apartments positioned above a 1,300-square-foot retail space. • Three of the six apartments are free market, with clear potential for rent growth. • Positioned directly across the street from the AMC Kips Bay 15 and Fairway grocery store, this highly trafficked corridor offers exceptional visibility and tenant appeal.

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in New York, NY — view the full market.

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