1694 Second Avenue

"This mixed use property is located on East side of Second Avenue between East 87th Street and East 88th Street. It consists of 1 retail & 8 residential units. Out of the eight residential units, three are Rent Stabilized units, one is Rent Control unit & four are Free Market units. Seven apartments are ""railroad? type apartments and Apt 2N is a one bedroom apt. The current commercial lease will end on November 2018. This offering provides a great opportunity to acquire a property with below market rents. The location of this property is a block and half away from the new 86th St. subway station, corner of 86th Street & 2nd Avenue, which is currently the Q line. With this new station, the surrounding retail area as well as residential neighborhood are experiencing rapid growth and high demand. There are also further upsides on this property as there are developing rights on this property. Please email me for set up sheet."