83 1St Ave New York, NY 10003
- Specialty properties
- 650 SF
Current Use by Public Records
- Emmy Squared Pizza: East Village, New York / Pizza Restaurant / Pizza Takeout
- Emily squared pizza / Restaurant
Property Details for 83 1St Ave
- Year built
- 1900
- Property size
- 650 SF
- Property type
- Specialty properties
Description
Exceptional investment opportunity in the vibrant East Village, this 650 square foot, rent-controlled sponsor unit at 83 First Avenue, #6A, presents substantial upside potential. Located on the third floor of a six-story, two-building complex built in 1900, this corner unit boasts nine windows offering expansive views. The layout includes two bedrooms, one bathroom, a separate kitchen, and eating area. Currently occupied by a rent-controlled tenant paying $90 per month, this below-market rent provides significant future income growth once vacant. The unit features a 10-foot ceiling height and benefits from a prime location near Tompkins Square Park, excellent public transportation (4, 5, 6, F, M subway lines and M15 bus), and the bustling First Avenue retail corridor. Subletting and pets are allowed, and importantly, no board approval is required for this sale. This is a unique opportunity to acquire a well-located, income-producing asset with significant long-term value. Inquire for floor plan.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9866
- Latitude
- 40.7258
