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    1164 1St Ave Manhattan, NY 10065

    For Sale
    $6,800,000

    Mixed Use - Manhattan, NY

    Type:Mixed Use
    Lot size:
    0.05 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 1164 1St Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1910
    Floors in Building
    5
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Winzone Realty Inc (718) 676-6611

    Listing agent Pola Yang (718) 676-6611

    Listing date Sep 16, 2025

    MLS# 493671 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Manhattan Mixed-Use Investment Opportunity

    Located in the Lenox Hill neighborhood of Manhattan, this mixed-use building features 16 studio condos and 2 ground-floor retail stores. The 16 residential units are fully leased, with 14 having been recently renovated. The 2 retail spaces are occupied by stable commercial tenants. The property generates consistent rental income of $560,000 annually. The building is situated in a dynamic neighborhood with high foot traffic and convenient access to public transportation, fine dining, shopping, and cultural landmarks such as Central Park and the Metropolitan Museum of Art. The first floor is occupied by a restaurant and a beauty nail spa. Floors two through five each contain 4 studio apartments. The basement provides storage and houses the boiler room. The lot size is approximately 0.046 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Ginger Root Vegan Restaurant Victoria Snickers Contractor Ginger Root Vegan ... Vegan Restaurant Vegan Ginger Root Vegan Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9596448
    Latitude
    40.7625022

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Lenox Hill with strong rental income.
    Where is this mixed-use property located?
    The property is located at 1164 1St Ave Manhattan, NY.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: - Consistent rental income of $560k annually.; - 16 fully leased studio condos and 2 ground-floor retail stores.; - Located in Lenox Hill, a dynamic Manhattan neighborhood with high foot traffic.
    (718) 676-6611
    Request Owner's contact information
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    Manhattan, NY 10065
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1164 1St Ave Manhattan, NY 10065
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