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Apartments Condo For Sale • 1,650 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| Grnd Floor - Unit 1 | Retail | 1,650 SF | Price Upon Request | |
DescriptionFully leased retail condominium totaling approximately 1,650 SF. New 10-year lease in place with Salt & Straw, providing immediate and stable long-term income. Sale NotesRetail condominium investment opportunity consisting of approximately 1,650 rentable square feet fully leased to Salt & Straw under a newly executed 10-year lease. The asset provides immediate cash flow from an established and expanding retail brand while minimizing leasing and rollover risk through long-term occupancy. Located in a highly active Manhattan retail market, the condominium benefits from strong visibility, consistent pedestrian traffic, and a surrounding customer base of residents, employees, and visitors. The long-term lease structure offers predictable income generation and positions the property as a passive investment opportunity. Retail condominium offerings with newly executed leases are limited in supply, making this a compelling acquisition opportunity for investors seeking stable returns in an irreplaceable urban location. The property combines durable tenancy with desirable market fundamentals, creating an attractive long-term hold opportunity. |
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1489 Second Avenue is a mixed-use building situated within Manhattan's Upper East Side, one of New York City's most established residential and retail neighborhoods. The property benefits from excellent visibility along a well-trafficked avenue surrounded by affluent residential communities, neighborhood services, restaurants, and national retailers. The location provides convenient access to public transportation and serves a dense population that supports consistent commercial activity throughout the year. The building's position within a mature retail corridor contributes to strong consumer engagement and sustained demand from retailers seeking exposure to the neighborhood's affluent demographic profile. Nearby residential development, local amenities, and daily foot traffic support long-term commercial viability. The property's placement within a stable, high-barrier-to-entry market enhances its appeal and reinforces its standing as a quality retail asset within one of Manhattan's most recognizable neighborhoods.
| The condominium is fully leased under a new 10-year lease. |
| Immediate cash flow is provided by an established retail tenant. |
| The property is located within Manhattan's Upper East Side. |
| Strong neighborhood demographics support long-term retail demand. |
| Excellent visibility benefits from a prominent avenue location. |
| Limited retail condominium supply supports investment appeal. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 6 min | - | 1.9 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)) | 7 min | - | 2.1 mi |
| Transit/Subway | Drive | Walk | Distance |
| 77 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) | 1 min | 5 min | 0.2 mi |
| 86 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)) | 3 min | 13 min | 0.7 mi |
| 68 Street-Hunter College (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) | 3 min | 14 min | 0.7 mi |
| Lexington Avenue-63 Street (F - New York MTA Subway (The Subway)) | 3 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| LaGuardia | 18 min | - | 7.1 mi |
| Newark Liberty International | 30 min | - | 16.7 mi |
| John F Kennedy International | 31 min | - | 17.0 mi |
Brandon Polakoff
Avison Young
Brandon Polakoff
Avison Young
