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    45 1St Ave New York, NY 10003

    For Lease
    $100 SF/Yr

    Prime location, 500 sq ft, full basement.

    Lot size:
    500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 500-square-foot retail space is ideally situated in the vibrant East Village, offering a prime location for a variety of businesses. The property boasts a desirable street-level presence on 1st Avenue, ensuring high visibility and foot traffic. The space is currently configured as a "white box," providing a blank canvas for a tenant to customize the layout and design to perfectly suit their needs. In addition to the ground floor space, a full basement is included, offering valuable extra storage or potential for expansion. The property's excellent location near a subway station ensures easy accessibility for both customers and employees. This makes it an attractive option for businesses seeking a high-traffic area with convenient public transportation. The space is perfect for a variety of uses, including but not limited to a hair salon, coffee shop, or wine store. However, please note that smoke shops and CBD businesses are not permitted. This is a rare opportunity to secure a well-located, versatile retail space in one of Manhattan's most sought-after neighborhoods. The property is offered as a single-tenant space in New York County. Don't miss this chance to establish your business in this thriving area.

    Property Features for 45 1St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    500 SF

    Unit(s) available at that property

    Space
    Size
    500 SF
    Rate per SF
    $100

    HighLights

    • Prime East Village retail space, 500 square feet.
    • Single‑tenant occupancy.
    • Ground floor plus full basement; delivered as a white box.
    • Ideal for a hair salon, coffee shop, or wine store.
    • No smoke shops or CBD businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Seamless Media Inc Internet Marketing Service Aziza Cafe and Lounge Hookah Bar Organic and Convenience Convenience Store City Fun T-Shirt Store Cortex Ads Advertising Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.9877942
    Latitude
    40.7244242

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    FAQs

    What type of property is this?
    Retail property - Prime location, 500 sq ft, full basement.
    Where is this retail property located?
    The property is located at 45 1St Ave New York, NY.
    What is the lease rate?
    The lease rate is $100 SF/Yr.
    What are key features of this property?
    This property features: Prime East Village retail space, 500 square feet.; Single-tenant occupancy.; Ground floor plus full basement; delivered as a white box.
    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
    45 1St Ave New York, NY 10003
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