529 2nd Ave, New York, NY 10016

IN CONTRACT. Perfect for a professional end-user looking for the ideal live/work scenario, an investor looking for an immediate return, a developer looking for a value-add opportunity, or anyone looking to do a single family conversion that wont break the bank, this four story three-family townhouse with a commercial storefront has been occupied and lovingly maintained by the same family for more than 80 years. Built in 1910, the property has unobstructed views and light from the east and west and is located in the heart of Kips Bay on the corner of 29th and 2nd Avenue–just across the street from Fairway and within a block or two of NYU Langone, Trader Joe's, AMC Movie Theater, Target and countless restaurants, cafes and retailers. Approximately 3500 sqft (not including the basement level, which has 8 ft ceilings, windows in the rear, and is currently used for the purpose of storage) the property's current configuration features three turn-key 1Bdrm/1Bth residential floor-thru apartments as well as a raw storefront commercial space with a half bath in place and limitless possibilities for professional, retail or restaurant use. Additionally, the property is 50ft deep on a 100ft lot, so there is approximately 900 sqft of private outdoor space accessible from the ground level that awaits your vision. Where in Manhattan can you get a 3500sqft 3bdrm/3.5bth co-op or condo with nearly 900sqft of private outdoor space at this price point? You simply can't. And if such a property did exist, can you imagine what the monthly maintenance or combined Common Charges/RE Tax would be for a condo or co-op of comparable size? 529 Second Avenue is an unbeatable value for the right buyer. Call today to arrange a viewing before this unique opportunity is gone.