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    897 1St Ave New York, NY 10022

    For Lease
    Contact for pricing

    Two Suites, 200-897 sq ft, Manhattan

    Lot size:
    1,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity presents two available suites totaling 1,097 square feet at 897 1st Avenue in the vibrant heart of Manhattan, New York County, NY 10022. The property is classified as commercial retail space with multiple tenancy. Each suite offers flexibility, with a minimum divisible space of 200 square feet and a maximum contiguous space of 897 square feet. Currently, the entire 1,097 square feet is vacant, providing a blank canvas for a new tenant to customize the space to their exact needs. The building's location at 40.7543037 latitude and -73.9661254 longitude ensures high visibility and foot traffic, making it ideal for a variety of retail businesses. This is a rare chance to secure a well-positioned retail space in one of New York City's most dynamic neighborhoods. The property is ready for immediate occupancy. Serious inquiries only.

    Property Features for 897 1St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,097 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    897 SF
    Space
    Lower Level
    Size
    200 SF

    HighLights

    • Basement storage available.
    • Suitable for all commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little J Cleaners Dry Cleaner

    Suggested Use

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

    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
    -73.9661254
    Latitude
    40.7543037

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    FAQs

    What type of property is this?
    Retail property - Two Suites, 200-897 sq ft, Manhattan
    Where is this retail property located?
    The property is located at 897 1St Ave New York, NY.
    What are key features of this property?
    This property features: Basement storage available.; Suitable for all commercial uses.;
    Request Owner's contact information
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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
    897 1St Ave New York, NY 10022
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