16800 $411 C1-9 Murray Hill
RINK
103 ST 10
5 AV
W 100 ST
FDR DRIVE
W 103 ST
106
E 105 ST
MUSEO DEL E 104 ST BARRIO Theinformationcontained herein 60 do not guarantee the accuracy of any MUSEUOhas OF either THE beengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwe ROB 103 ST information provided herein. As an example, zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary ERTpercentage used only as an CITY OF NEW YORK all F. Kincome, the tax bracket, 1 3 E 102 is example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment STdependent upon these estimates and assumptions made below, as well as the investment ENN 4 106 102 101 1 3 DY B2015 9:05 AM and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. SeptemberE28, 103 98 RID 4 106 GE NORT E 100 ST MEADOW M60 LaGuardia Airport
698 2nd Avenue, New York, NY 10016 101 102 103 98
96 106
T
E 97 ST
CENTRAL PARK
T
96
E 96 ST Sq. Ft. Murray Hill Development Site | FOR SALE Vacant 16,800 Buildable E 96 ST 96
96 ST
96 ST
E 94 ST
1 AV
Zoning
86
E 86 ST
YORKVILLE
943 / 60
4
NATURE CENTRE
Lot Dimensions 5 AV
1,680
E 77 ST
NEW-YORKBuilding Size HISTORICAL SOCIETY
EAST END AV
E 80 ST
21' x 80'
E 79 ST
79
Lot Size
E 83 ST
E 83 ST
East side of 2nd Avenue between East 37th Street and East 38th Street
METROPOLITAN MUSEUM OF ART 1 3
Block / Lot CASTLE BELVEDERE
DEN ARIUM CAN UM OF RAL ORY
CARL SCHURZ PARK
698 2nd Avenue, New York, NY 10016
E 84 ST
YORK AV
LAWN
Location
81 St - Museum of Natural History
Location
GRACIE MANSION
86 ST
86 ST 86
E 91 ST
E 89 ST
86
Address GREAT
Murray Hill
E 92 ST
$/BSF
Property Information
ST
C1-9
31 86
2 AV
$411 3 AV
COOPER-HEWITT MUSEUM Buildable Sq.ACADEMY Ft. NATIONAL MUSEUM GUGGENHEIM MUSEUM 86
PARK AV
MADISON AV
CENTRAL PARK WEST
RESERVOIR
LEXINGTON AV
16,800 JEWISH MUSEUM
79
E 79 ST
101 102 103 98
4,356 77 ST
LEXINGTON AV
WHITNEY MUSEUM21' x 80'
Ground Floor Dimensions LAKE
Upper Floor Dimensions
21' x 40'
79
Q
102
ROOSEVELT ISLAND
JOHN Sq. Ft. (Approx.)
UPPER EAST SIDE
JAY PARK
Sq. Ft. (Approx.) 31
E 75 ST
Q
102
72
4
FRICK COLLECTION
ASIA SOCIETY
Hunter College
16,800
98
CENTRAL PARK ZOO Investment Highlights E 63 ST
20
63 ST
WOLLMAN RINK
POND
3
1
E 65 ST
Q
102
66
1 AV
$56,857
Sq. Ft. (Approx.)
66
E 67 ST
2 AV
72 66
ncoln Ctr
PARK AV
Taxes (15/16)
6 ST
E 68 ST
$532,170
MADISON AV
MEADOWN
72
E 70 ST
HUNTER COLLEGE
SHEEP Assessment (15/16)
Q102 to Astoria 27 Av - 2St
E 71 ST
103 98
10.00 68 St
Buildable Area 10
101 102
MAIN ST
FAR
C1-9
3
FDR DRIVE
1
3 AV
Zoning
E 72 ST
ROCKEFELLER UNIVERSITY
YORK AV
E 72 ST
QUEENS
E 63 ST
Lexington Av / 59 St
ROOSEVELT
ISLAND Q32 to Jackson Heights Ariel Property Advisors is pleased to offer 698 Second Avenue, a unique Murray Hill investment or development opportunity. Located on the east side of SecCENTRAL TRAMWAY 81 St - Northen Blvd ond Avenue between 37th & 38th Streets, the property is currently a vacant 4-story commercial building spanning approximately 4,356 sq. ft. While investors Q30 to Jamaica PARK KOCH QUEENSBORO BRIDGE canSOUTH capitalize on converting the existing structure, which also possesses aEDcurb-cut, 698 Second Avenue’s109C1-9 zoning provides approximately 16,800 total Av - 157 St 59 St Columbus Circle
Lexington Av / 63 St
4
5 Av / 59 St
Q
101
E 61 ST
60
32
E 60 ST
E 60 ST
Q
Q
E 59 ST
5
MBUS CLE
Q
Q
59 St
10
10
Q
Q
57
32
Q101 to Astoria 19 Av - Hazen St
32
57 ST
E 57 ST
E 57 ST
W 57 ST
31 57
Q
The current ownership has created DOB approved plans and recently obtained the necessary permits for a four-story, mixed-use building consisting of a CARNEGIE HALL E 55 ST floor mezzanine, as well as two floor-through residential apartments. The approved single commercial unit occupying both the ground floor and second Lexington Av / 53 St MUSEUM OF plans, a featureMODERN which ARTprovides significant cost savings to buyers, can be amended to suit an investor’s specifications. 5
7
5
20 104
1
3
4
2
102
PARK AV
31 57
Q
32
E 53 ST
E 53 ST
W 53 ST
N resides in a highly visible location that is within walking distance to subway stations located at East 33rd Street (6) and Grand Central Station MIDTOW The property 7 AV
8 AV
Q
101 60
buildable square feet (as-of-right) for future mixed-use development. 57
ST
Q
Q
101 60
32
5 Av / 53 St
51 St
(4,5,6,7 and S). The property is also convenient for commuters with close proximity to the Queens-Midtown Tunnel. RADIO CITY 50
E 50 ST
W 50 ST
ST
50
E 49 ST
698 Second Avenue presents an opportunity for either investors to convert the property from its current state to an income-producing asset or for ST E 48 quickly ROCKEFELLER developers to take advantage of the property’s fullE development potential. CENTER 47 ST
7 AV
28 St
23 St
32
W 28 ST
PARK AV
E 34 ST
101 102
4
943
East 37 th Street
E 29 ST
Asking Price: $6,900,000
M34A
E 28 ST
M15
WATERSIDE PLAZA
MADISON SQUARE PARK
For More Information Please Contact Our Exclusive Sales Agents
E 25 ST
23
E 20 ST [email protected]
E 20 ST 101 102
212.544.9500 x12
ER
PARK AV SOUTH
Victor Sozio
23
9
23
[email protected]
E RIV
5
AY
2
3
ADW
1
9
COOPER 212.544.9500PETER x11 VILLAGE
RD
GRAMERCY
[email protected]
34 A
Shimon Shkury E 23 ST
RIV
BARUCH COLLEGE
34 A
FD
BRO
7
E 24 ST
23 St
HowardE 23Raber, Esq. ST 212.544.9500 x23 23 St
W 18 ST
LIRR, AMTRAK
34 A
34 A 15
103
E 26 ST
5
ST
HELIPORT
E 33 ST
28 St
W 26 ST
W 20 ST
E 34 St PIER East River Ferry NY Water Taxi Ferries to NJ
60
101 102
23 St 20
34
34 34 A
103
PATH
7
E 36 ST
33 ST
28 St
W 23 ST
18 St
Subject Property
W 30 ST
23 St
20
E 38 ST
East 38 th Street
Jesse Deutch 212.544.9500 x18 [email protected]
103
E 18 ST
ArielW 17Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com STUYVESANT ST 1
UNION SQUARE
2
3
E 16 ST
STUYVESANT SQUARE
9
15
TOWN
1 st Avenue
42
T EAS
FASHION INSTITUTE OF TECHNOLOGY
Q
4
6 AV
W 31 ST
MADISON PENN SQUARE STATION GARDEN
20
8 AV
W 32 ST
32
Tunnel Entrance Street
AY Q
SEA
2
MADISON AV
ADW
PATH
HERALD SQUARE
ST
3
MORGAN LIBRARY EMPIRE STATE BUILDING
34 St Herald Sq
34 St Penn Station
ST
ST
1 4
MIDTOWN (SOUTH CENTRAL)
34 St Penn Station
RR NJ ANSIT MTRAK
42
E 42 ST E 41 ST
6 AV
BRO
34 A
UNITED NATIONS
E 44 ST
Q
20
ST
ST
METRO NORTH
32
7
T
5
32
42
Tax Map
15
15
Grand Central 42 St
2 nd Avenue
104 7
Q
NEW YORK PUBLIC LIBRARY5
Times Sq 42 St
W 41 ST
RT HORITY RMINAL
2
5
FDR DRIVE
ST
4
1 AV
5 Av
Bryant Park
3
1
42 St
GRAND CENTRAL TERMINAL
2 AV
TIMES SQUARE
103
103
3 AV
104
Times Sq 42 St
34 A
101 102
LOCATION Map
104
101 102
LEXINGTON AV
47-50 Sts Rockefeller Ctr
W 46 ST
42 St hority minal
50
AVENUE OF THE AMERICAS
49 St
103 ST 10
5 AV
W 100 ST
FDR DRIVE
W 103 ST
106
E 105 ST
MUSEO DEL E 104 ST BARRIO Theinformationcontained herein 60 do not guarantee the accuracy of any MUSEUOhas OF either THE beengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwe ROB 103 ST information provided herein. As an example, zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary ERTpercentage used only as an CITY OF NEW YORK all F. Kincome, the tax bracket, 1 3 E 102 is example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment STdependent upon these estimates and assumptions made below, as well as the investment ENN 4 106 102 101 1 3 DY B2015 9:05 AM and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. SeptemberE28, 103 98 RID 4 106 GE NORT E 100 ST MEADOW M60 LaGuardia Airport
698 2nd Avenue, New York, NY 10016 101 102 103 98
96 106
T
E 97 ST
CENTRAL PARK
T
96
E 96 ST Sq. Ft. Murray Hill Development Site | FOR SALE Vacant 16,800 Buildable E 96 ST 96
96 ST
96 ST
E 94 ST
1 AV
Zoning
86
E 86 ST
YORKVILLE
943 / 60
4
NATURE CENTRE
Lot Dimensions 5 AV
1,680
E 77 ST
NEW-YORKBuilding Size HISTORICAL SOCIETY
EAST END AV
E 80 ST
21' x 80'
E 79 ST
79
Lot Size
E 83 ST
E 83 ST
East side of 2nd Avenue between East 37th Street and East 38th Street
METROPOLITAN MUSEUM OF ART 1 3
Block / Lot CASTLE BELVEDERE
DEN ARIUM CAN UM OF RAL ORY
CARL SCHURZ PARK
698 2nd Avenue, New York, NY 10016
E 84 ST
YORK AV
LAWN
Location
81 St - Museum of Natural History
Location
GRACIE MANSION
86 ST
86 ST 86
E 91 ST
E 89 ST
86
Address GREAT
Murray Hill
E 92 ST
$/BSF
Property Information
ST
C1-9
31 86
2 AV
$411 3 AV
COOPER-HEWITT MUSEUM Buildable Sq.ACADEMY Ft. NATIONAL MUSEUM GUGGENHEIM MUSEUM 86
PARK AV
MADISON AV
CENTRAL PARK WEST
RESERVOIR
LEXINGTON AV
16,800 JEWISH MUSEUM
79
E 79 ST
101 102 103 98
4,356 77 ST
LEXINGTON AV
WHITNEY MUSEUM21' x 80'
Ground Floor Dimensions LAKE
Upper Floor Dimensions
21' x 40'
79
Q
102
ROOSEVELT ISLAND
JOHN Sq. Ft. (Approx.)
UPPER EAST SIDE
JAY PARK
Sq. Ft. (Approx.) 31
E 75 ST
Q
102
72
4
FRICK COLLECTION
ASIA SOCIETY
Hunter College
16,800
98
CENTRAL PARK ZOO Investment Highlights E 63 ST
20
63 ST
WOLLMAN RINK
POND
3
1
E 65 ST
Q
102
66
1 AV
$56,857
Sq. Ft. (Approx.)
66
E 67 ST
2 AV
72 66
ncoln Ctr
PARK AV
Taxes (15/16)
6 ST
E 68 ST
$532,170
MADISON AV
MEADOWN
72
E 70 ST
HUNTER COLLEGE
SHEEP Assessment (15/16)
Q102 to Astoria 27 Av - 2St
E 71 ST
103 98
10.00 68 St
Buildable Area 10
101 102
MAIN ST
FAR
C1-9
3
FDR DRIVE
1
3 AV
Zoning
E 72 ST
ROCKEFELLER UNIVERSITY
YORK AV
E 72 ST
QUEENS
E 63 ST
Lexington Av / 59 St
ROOSEVELT
ISLAND Q32 to Jackson Heights Ariel Property Advisors is pleased to offer 698 Second Avenue, a unique Murray Hill investment or development opportunity. Located on the east side of SecCENTRAL TRAMWAY 81 St - Northen Blvd ond Avenue between 37th & 38th Streets, the property is currently a vacant 4-story commercial building spanning approximately 4,356 sq. ft. While investors Q30 to Jamaica PARK KOCH QUEENSBORO BRIDGE canSOUTH capitalize on converting the existing structure, which also possesses aEDcurb-cut, 698 Second Avenue’s109C1-9 zoning provides approximately 16,800 total Av - 157 St 59 St Columbus Circle
Lexington Av / 63 St
4
5 Av / 59 St
Q
101
E 61 ST
60
32
E 60 ST
E 60 ST
Q
Q
E 59 ST
5
MBUS CLE
Q
Q
59 St
10
10
Q
Q
57
32
Q101 to Astoria 19 Av - Hazen St
32
57 ST
E 57 ST
E 57 ST
W 57 ST
31 57
Q
The current ownership has created DOB approved plans and recently obtained the necessary permits for a four-story, mixed-use building consisting of a CARNEGIE HALL E 55 ST floor mezzanine, as well as two floor-through residential apartments. The approved single commercial unit occupying both the ground floor and second Lexington Av / 53 St MUSEUM OF plans, a featureMODERN which ARTprovides significant cost savings to buyers, can be amended to suit an investor’s specifications. 5
7
5
20 104
1
3
4
2
102
PARK AV
31 57
Q
32
E 53 ST
E 53 ST
W 53 ST
N resides in a highly visible location that is within walking distance to subway stations located at East 33rd Street (6) and Grand Central Station MIDTOW The property 7 AV
8 AV
Q
101 60
buildable square feet (as-of-right) for future mixed-use development. 57
ST
Q
Q
101 60
32
5 Av / 53 St
51 St
(4,5,6,7 and S). The property is also convenient for commuters with close proximity to the Queens-Midtown Tunnel. RADIO CITY 50
E 50 ST
W 50 ST
ST
50
E 49 ST
698 Second Avenue presents an opportunity for either investors to convert the property from its current state to an income-producing asset or for ST E 48 quickly ROCKEFELLER developers to take advantage of the property’s fullE development potential. CENTER 47 ST
7 AV
28 St
23 St
32
W 28 ST
PARK AV
E 34 ST
101 102
4
943
East 37 th Street
E 29 ST
Asking Price: $6,900,000
M34A
E 28 ST
M15
WATERSIDE PLAZA
MADISON SQUARE PARK
For More Information Please Contact Our Exclusive Sales Agents
E 25 ST
23
E 20 ST [email protected]
E 20 ST 101 102
212.544.9500 x12
ER
PARK AV SOUTH
Victor Sozio
23
9
23
[email protected]
E RIV
5
AY
2
3
ADW
1
9
COOPER 212.544.9500PETER x11 VILLAGE
RD
GRAMERCY
[email protected]
34 A
Shimon Shkury E 23 ST
RIV
BARUCH COLLEGE
34 A
FD
BRO
7
E 24 ST
23 St
HowardE 23Raber, Esq. ST 212.544.9500 x23 23 St
W 18 ST
LIRR, AMTRAK
34 A
34 A 15
103
E 26 ST
5
ST
HELIPORT
E 33 ST
28 St
W 26 ST
W 20 ST
E 34 St PIER East River Ferry NY Water Taxi Ferries to NJ
60
101 102
23 St 20
34
34 34 A
103
PATH
7
E 36 ST
33 ST
28 St
W 23 ST
18 St
Subject Property
W 30 ST
23 St
20
E 38 ST
East 38 th Street
Jesse Deutch 212.544.9500 x18 [email protected]
103
E 18 ST
ArielW 17Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com STUYVESANT ST 1
UNION SQUARE
2
3
E 16 ST
STUYVESANT SQUARE
9
15
TOWN
1 st Avenue
42
T EAS
FASHION INSTITUTE OF TECHNOLOGY
Q
4
6 AV
W 31 ST
MADISON PENN SQUARE STATION GARDEN
20
8 AV
W 32 ST
32
Tunnel Entrance Street
AY Q
SEA
2
MADISON AV
ADW
PATH
HERALD SQUARE
ST
3
MORGAN LIBRARY EMPIRE STATE BUILDING
34 St Herald Sq
34 St Penn Station
ST
ST
1 4
MIDTOWN (SOUTH CENTRAL)
34 St Penn Station
RR NJ ANSIT MTRAK
42
E 42 ST E 41 ST
6 AV
BRO
34 A
UNITED NATIONS
E 44 ST
Q
20
ST
ST
METRO NORTH
32
7
T
5
32
42
Tax Map
15
15
Grand Central 42 St
2 nd Avenue
104 7
Q
NEW YORK PUBLIC LIBRARY5
Times Sq 42 St
W 41 ST
RT HORITY RMINAL
2
5
FDR DRIVE
ST
4
1 AV
5 Av
Bryant Park
3
1
42 St
GRAND CENTRAL TERMINAL
2 AV
TIMES SQUARE
103
103
3 AV
104
Times Sq 42 St
34 A
101 102
LOCATION Map
104
101 102
LEXINGTON AV
47-50 Sts Rockefeller Ctr
W 46 ST
42 St hority minal
50
AVENUE OF THE AMERICAS
49 St
