Mixed-Use Building with Ground
For Sale
Contact for pricing
Pending
951 First Avenue, New York, NY 10022
Five-story mixed-use walk-up includes ground-floor retail and eight one-bedroom units, with vacant delivery at closing.
Property Size4,960 SF
Days on Market149
Property Features for 951 First Avenue
General Information
Standard status
Pending
Size
4,960 SF
Property subtype
Retail, Multifamily, Mixed Use
Listing Agency:
Eastern Consolidated
Listed By:
Max Hakim · License #NY 10401235734
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Sep 1 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eastern Consolidated
Investment Insights
Based on property information with market context.
951 First Avenue is a +/-4,960-square-foot, five-story mixed-use walk-up building with a ground-floor retail space and eight one-bedroom/one-bath apartments. The layout provides two apartments per floor on floors 2 through 5, configured as front/back units. The property includes six vacant free-market apartments, and one rent-stabilized unit that is vacant; the free-market apartments and the retail space will be delivered vacant at closing.
The building is situated on a 20’ x 164’ lot along the west side of First Avenue between E. 52nd and E. 53rd Street in Midtown East. It is located near the United Nations Headquarters and the 59th Street/Ed Koch Queensboro Bridge, with Toll Brothers City Living next door completing The Sutton, a 113-unit condominium project.
This offering is positioned for value-add repositioning, with vacant delivery of the apartments and retail space supporting renovation. Any unused development rights (air rights) were previously sold to the adjacent development and are no longer available to enlarge the existing structure.
The building is situated on a 20’ x 164’ lot along the west side of First Avenue between E. 52nd and E. 53rd Street in Midtown East. It is located near the United Nations Headquarters and the 59th Street/Ed Koch Queensboro Bridge, with Toll Brothers City Living next door completing The Sutton, a 113-unit condominium project.
This offering is positioned for value-add repositioning, with vacant delivery of the apartments and retail space supporting renovation. Any unused development rights (air rights) were previously sold to the adjacent development and are no longer available to enlarge the existing structure.
Key Highlights
- 4,960 SF, 5‑story Midtown East mixed‑use walk‑up with ground‑floor retail and 8 one‑bedroom, one‑bath apartments
- 8 residential units: 6 vacant free‑market apartments plus 1 vacant rent‑stabilized unit (deregulation possible with a proper renovation)
- All free‑market apartments and the retail space are delivered vacant at closing, enabling renovation/repositioning
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-story mixed-use walk-up includes ground-floor retail and eight one-bedroom units, with vacant delivery at closing.
Where is this mixed-use property located?
The property is located at 951 First Avenue New York, NY.
What are key features of this property?
This property features: 4,960 SF, 5‑story Midtown East mixed‑use walk‑up with ground‑floor retail and 8 one‑bedroom, one‑bath apartments; 8 residential units: 6 vacant free‑market apartments plus 1 vacant rent‑stabilized unit (deregulation possible with a proper renovation); All free‑market apartments and the retail space are delivered vacant at closing, enabling renovation/repositioning
