Dunkin Donuts Acquires Mixed-Use Property In Kips Bay, Manhattan For $3.5M

The mixed-use property located at 597-601 2nd Avenue in Kips Bay, Manhattan has been sold for a price of $3,500,000. The property spans across 2,701 square feet, resulting in a price per square foot of $1,296. The transaction took place on May 3, 2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,500,000
• Address: 597-601 2nd Avenue
• Market: Kips Bay, Manhattan

The deal was facilitated by brokers Howard Raber, Sean R. Kelly, Esq., Jack Moran, and Matthew Gillis from Ariel Property Advisors (ArielPA.NYC). Dunkin Donuts, a well-known tenant, is occupying the property.