Studio condo for sale

Overview

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.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.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.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. Cap rate: 4.1%. Additional 7,816 of air-rights included in the sale.

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