Mixed-Use Building at 575 2nd Avenue Listed by Brokers
$3,300,000
575 2nd Avenue, New York, NY 10016
3,612 SF
Square Feet
$914
PPSF
6
Units
500.0K
PPU
5.56%
CAP
Property Description
Units
6 — PPU: 500.0K
NOI
$183,353
Cap Rate
5.56%
- 7 Unit Mixed-Use Building totaling 3,600 SF
- 50% Free Market with Strong in-place RS Rents averaging $2,380
- Vacant Retail provides Repositioning Opportunity
- 9,735 SF of Unused Air Rights
- Protected Tax Class 2B
Property Details
Asset Type
Mixed-use
Year Built
1910
Zoning
C1-8A
Lot Size
1,642 SF
Neighborhood
Kips Bay
Submarket
New York
ZIP
10016
Listing Type
sale
Net Operating Income (NOI)
$290,890
Debt Service Coverage Ratio (DSCR)
1.55x
Cap Rate
8.81%
Cash Flow (Annual)
$103,166
Cash-on-Cash Return
12.50%
Monthly Debt Service
$15,644
Annual Debt Service
$187,724
View on Map
Address
575 2nd Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
Contact the Listing Team
Logan Markley
Licensed Real Estate Salesperson
71 closed
Joe Koicim
Executive Managing Director
180 closed
Send a Message
Logan Markley
Licensed Real Estate Salesperson
71 closed
Joe Koicim
Executive Managing Director
180 closed