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923-937 Second Ave, New York, NY, 10022

923-937 2nd Ave

$6,500,000

Key Information

Tot. SF
7,796
Units
3
Type
Retail
NOI
$486,031

Highlights

  • Prime Turtle Bay Location – 923-937 Second Avenue is situated in the heart of Turtle Bay, one of Midtown East’s most established residential and diplomatic corridors, moments from the United Nations Headquarters, Grand Central Terminal, and the neighborhood’s dense mix of restaurants, hotels, and daily conveniences.
  • High-Traffic Second Avenue Corridor – The property benefits from prominent street-level exposure along Second Avenue, one of Midtown’s busiest north-south corridors carrying an estimated 44,500 vehicles per day, offering consistent visibility to the surrounding residential population and daytime office workforce.
  • Fully Leased, Income-Producing Asset – 923-937 Second Avenue is 100% leased across all three retail condominium units, generating in-place net operating income of $478,619, delivered as a stabilized, turnkey investment with no near-term leasing risk or capital obligations for a new owner.
  • Diversified Tenant Roster with Staggered Lease Stability – The property is anchored by Ubani, a growing Georgian restaurant concept, alongside Wines ToGo and Simpl Coffee, two established neighborhood retailers, with staggered lease expirations in 2030, 2033, and 2034 that reduce rollover risk and provide long-term income visibility.

Photos

Location