John J. Stewart & Associates of Marcus & Millichap was the exclusive sales broker for 2100-2102 Second Avenue, a six-story mixed-use building on the southwest corner of Second Avenue and 108th Street in East Harlem.  The subject property is located on a block that has undergone considerable condominium development in its immediate vicinity including the adjacent building on 108th Street and two buildings on 109th Street.

• Investment Highlights:
  • Corner Location at 108th Street and Second Avenue
  • Strong Unit Mix: Ten 1-Bedrooms, 20 2-Bedrooms, Five 3-Bedrooms, and Six Stores
  • Long-Term Steady Growth: 30 Rent-Stabilized, Five Free-Market & One Super’s Unit
  • Low Average Rent: Average Rent Per Room is $293; Average Rent Per Unit is $1,119
  • Considerable New Condo Development in Immediate Area