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    1St Ave New York, NY 10022

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    Contact for pricing

    1st Ave. - 3700 SF, High Visibility

    Lot size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located on 1st Avenue in New York, NY 10022, presents a unique investment opportunity. The building, constructed in 1900, is a four-story structure featuring a desirable Class C designation. The property offers a total of 3700 square feet of space, strategically divided between 2200 square feet on the ground floor and an additional 1500 square feet in the basement. The ground floor boasts attractive glass frontage, ideal for maximizing street-level visibility and attracting customers. Previously configured as a restaurant, the space includes valuable existing features such as walk-in refrigerators, a commercial kitchen hood system, and a restroom. The single-tenant occupancy provides flexibility for a variety of uses, and the landlord is open to considering diverse business proposals. The building is equipped with elevators, adding convenience for both occupants and customers. This property's prime location in New York City, combined with its versatile layout and existing infrastructure, makes it an attractive prospect for a wide range of businesses seeking a well-established presence in a bustling urban environment. The property's traditional office subtype offers a blend of classic charm and modern functionality.

    Property Features for 0 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,200 SF
    Class
    C

    Building Details

    Year Built
    1900
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    2,200 SF

    HighLights

    • Prime 1st Avenue, NYC location (10022).
    • Four‑story, 3,700 SF Class C building (1900 construction).
    • Ground floor features 2,200 SF with attractive glass frontage, plus 1,500 SF basement.
    • Existing restaurant infrastructure: walk‑in refrigerators, commercial hood system, restroom.
    • Elevator equipped, single‑tenant occupancy, flexible use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9622088
    Latitude
    40.7592939

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    FAQs

    What type of property is this?
    Restaurant - 1st Ave. - 3700 SF, High Visibility
    Where is this restaurant located?
    The property is located at 1St Ave New York, NY.
    What are key features of this property?
    This property features: Prime 1st Avenue, NYC location (10022).; Four-story, 3,700 SF Class C building (1900 construction).; Ground floor features 2,200 SF with attractive glass frontage, plus 1,500 SF basement.
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    1St Ave 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
    1St Ave New York, NY 10022
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