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1183-1191 2nd Ave
New York, NY 10065 Lenox Hill

$5,725,000 USD

Apartments Condo For Sale  •  2,508 SF

Property Details

  • Property Type Apartments
  • Total Building Size 207,284 SF
  • Lot Size 0.36 AC
  • Building Class C
  • Year Built 1964
  • Zoning C2-8
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1183 Retail 2,508 SF $5,725,000 USD
  • Unit Size: 2,508 SF
  • Condo Use: Retail
  • Price: $5,725,000 USD
  • Sale Type: Investment
  • Price/SF: $2,282.70 USD
Description
As a new construction, fully occupied retail opportunity with new 10-year leases and minimal landlord responsibilities, 1183 Second Avenue provides investors with a secure investment and ease of ownership in one of NYC's premier neighborhoods.

Sale Notes
Real Estate Tax Reimbursements

Club Pilates and Randy's Donuts reimburse ownership for real estate tax increases above a base year. Reducing ownership's expense burden and providing protection against future tax increases. The reimbursement structure enhances the stability and predictability of cash flow.

Description 

1183 Second Avenue is located at the nexus of the Plaza District and the Upper East Side, two of the city's most distinctive neighborhoods, and is part of a newly constructed luxury condominium project providing tenant appeal while protecting investors from the deferred maintenance of older buildings.

Highlights

1183 Second Avenue, New York, NY, 10065
1183 Second Avenue, New York, NY, 10065

Amenities

  • Air Conditioning
  • Controlled Access
  • Dishwasher
  • Laundry Facilities
  • Property Manager on Site
  • Heating
  • Doorman
  • Package Service
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.2 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Lexington Avenue-63 Street (F - New York MTA Subway (The Subway)) 2 min 5 min 0.2 mi
Lexington Avenue-59 Street (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
59 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
68 Street-Hunter College (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 9 min 0.5 mi
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.7 mi
Newark Liberty International 24 min - 15.9 mi
John F Kennedy International 26 min - 16.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Clint Olsen 212-696-2500 JLL
Clint Olsen 212-696-2500 JLL