$6,500,000
Updated 11 years ago
Off Market

605 Second Ave

Kips Bay, Manhattan | East 33rd Street & East 34th Street

12 Beds7 Baths4,053 Square FeetRental Property

$6,500,000
floors / apts4 / 6
Lot Size19'x75'
Built Size19'x44'
ZoneC1-8A
Building TypeLow-Rise
RE Taxes$61,340
Price Per SF
$1,604

Listing Features

  • Baseboard Heat
  • Window AC Units

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom
  • Outdoor Parking

Property Description for 605 Second Ave

A 19.58’ wide, 4-story, mixed-use building, located on the west side of Second Avenue between 33rd and 34th Streets. The property is configured as one retail space on the ground level, currently being built out by a neighboring restaurant operator as a bar. The upper three floors contain six apartments (two 2-bedroom units per floor), the rear second floor apartment has access to a ~600 sf private terrace. The property is located within one block of an AMC Loews movie theatre, Fairway Market, The NYU Tisch Hospital, and New York Sports Club. The property is cooled via window units and heated via baseboard heating provided by the oil fired boiler in the basement. The offering of 605 Second Avenue represents an extraordinary investment opportunity with strong in-place income and a proven local retail operator.

Listing History for 605 Second Ave

Now
03/30/2015
POM by John F. Ciraulo
Cushman & Wakefield
02/04/2015
$6,500,000
Initial Price by John F. Ciraulo
Cushman & Wakefield

Building Details for 605 Second Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

33 St
0.32 miles
28 St
0.42 miles
Grand Central-42 St
0.49 miles

Citi Bike

2 Ave & E 31 St
0.1 miles
E 33 St & 1 Ave
0.13 miles

Ferry

East 34th Street
0.3 miles

Contact Agents

Contact Agents

John Ciraulo
Cushman & Wakefield
Craig Waggner
Cushman & Wakefield
Hunter Moss
Cushman & Wakefield

Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 49790TH