1183 Second Avenue

• 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.
• 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.
• Investors are acquiring a stabilized asset with in-place income and limited near-term leasing risk. The Property is 100% leased and generates an effective gross income of $451,985, with an annual NOI of $315,137
• 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 construction luxury condominium project providing tenant appeal while protecting investors from the deferred maintenance of older buildings.