2035 2nd Ave Suite 1, New York, NY, 10029
About This Home
2035 Second Avenue presents a compelling opportunity to acquire a well-located mixed-use investment property along one of Manhattan’s most active retail corridors in the Upper East Side submarket. This asset offers a strong combination of in-place income, high visibility, and long-term upside. The five-story building totals approximately 11,492 square feet and is 78.3% leased, providing immediate cash flow. A 2,500 square foot vacant ground-floor retail space offers flexibility for an owner-user, new tenant, or repositioning opportunity, while the upper floors remain occupied, contributing stable income. Originally built in 1920 and renovated in 2008, the property features an elevator, a full basement, multiple tenancies, and an efficient layout with typical floors of approximately 2,298 square feet. The building sits on 2,614 square feet of land and is zoned R8A, presenting future redevelopment or value-add potential. Offered at an asking price of $7,100,000, this asset is well-suited for investors seeking core-plus exposure in a prime Manhattan location. The property is also 1031 exchange eligible, making it attractive to exchange buyers. Investment Highlights: Prime Upper East Side location on Second Avenue Mixed-use investment with upside potential 2,500 SF vacant ground-floor retail 78.3% leased with income in place Elevator Full basement R8A zoning Built 1920 / Renovated 2008 1031 Exchange eligible Call L.A for setup
Getting Around
Walker's Paradise
Rider's Paradise
Very BikeableSchools
Construction
Condition
- Year built: 1920
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 0
Property
Details
- Special condition: Resale
Features
- Has view: Yes
- View description: City,Skyline
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Winter Weather
- Coastal Flooding
- Cold Wave
- Inland Flooding
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $33,373 | $400,476 |
| Home Insurance * | $9,846 | $118,152 |
| Property Taxes | $3,905 | $46,860 |
| Electricity | $246 | $2,954 |
| Total | $47,370 | $568,440 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $6,600,000 |
| 2026-01-26 | Listed for sale | $7,100,000 |
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