Newmark has been exclusively retained by ownership to arrange for the sale of 928-930 Second Avenue. The ~20,750 SF mixed-use walkup buildings are located on the east side of Second Avenue between 49th and 50th Streets in the Midtown East neighborhood of Manhattan.

928-930 Second Avenue consists of 27 residential units and 2 commercial spaces. The residential unit mix is 37% fair market and comprised of 22 one-bedroom, 4 two-bedroom and 1 three-bedroom apartments. The commercial spaces total approximately 3,600 SF and are occupied by two restaurants: Norma and Sip Sak. Both tenants contribute reimbursements helping to boost income and mitigate expenses. The building also offers additional antenna income.

Positioned in the heart of Midtown East, the asset benefits from convenient proximity to some of the largest employers in the world and iconic cultural landmarks including the United Nations Headquarters, the new JP Morgan Headquarters, One Vanderbilt, the Metlife Building and the Chrystler Building. The buildings also sit a few blocks away from Grand Central Terminal which provides direct access to the and Shuttle trains as well as the Long Island Railroad and the Metro North.