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    980 1St Ave New York, NY 10022

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    For Lease
    Contact for pricing

    5,230 SF Medical Office Available

    Lot size:
    5,230 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,230 square foot medical office building at 980 1st Ave in Manhattan, New York, NY 10022 presents a unique leasing opportunity. The property is currently fully vacant, offering immediate occupancy for a single tenant or multiple tenants. The flexible layout allows for spaces ranging from a minimum of 1,360 square feet to a maximum contiguous space of 3,870 square feet, catering to various business needs. Located in New York County, this property boasts a highly desirable address in a vibrant and accessible area of Manhattan. The building's versatile design makes it suitable for a variety of medical practices or related commercial uses. Its strategic location provides excellent visibility and convenient access for patients and staff. The property is classified as Retail, Office, and Restaurant, offering diverse potential uses within the medical office context. This is an unparalleled chance to secure a prominent presence in a thriving Manhattan neighborhood. The entire 5,230 square feet is available for lease, providing ample space for expansion or consolidation. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to establish or expand a medical practice in a prime Manhattan location.

    Property Features for 980 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,230 SF

    Unit(s) available at that property

    Space
    Ground floor
    Size
    3,870 SF
    Space
    Basement
    Size
    1,360 SF

    HighLights

    • 220‑unit Revere Condominium retail space.
    • Ideal for restaurants, medical offices, furniture stores, and other high‑end retail uses.
    • Previously occupied by a residential sales office and Starbucks.
    • HVAC venting feasible.
    • Outdoor seating permitted.
    • Two blocks from the 53rd Street subway station.
    Property Profile Location Intelligence

    Current Use by Public Records

    400-408 E 54th ... Parking Garage

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9640026
    Latitude
    40.7560806

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    FAQs

    What type of property is this?
    Restaurant - 5,230 SF Medical Office Available
    Where is this restaurant located?
    The property is located at 980 1St Ave New York, NY.
    What are key features of this property?
    This property features: 220-unit Revere Condominium retail space.; Ideal for restaurants, medical offices, furniture stores, and other high-end retail uses.; Previously occupied by a residential sales office and Starbucks.
    Request Owner's contact information
    980 1St Ave New York, NY 10022
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    New York, NY 10022
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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
    980 1St Ave New York, NY 10022
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