Mixed-Use Building with Ground
951 First Avenue New York, NY 10022
951 First Avenue, New York, NY, 10022
Contact for pricing
For Sale
Contact for pricing
Pending
Five-story mixed-use walk-up includes ground-floor retail and eight one-bedroom units, with vacant delivery at closing.
Property Size4,960 SF
Days on Market104
Property Features for 951 First Avenue
General Information
- Standard status
- Pending
- Size
- 4,960 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Listing agency
Eastern Consolidated
Listed by
Max Hakim · License #NY 10401235734
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 2:22AM Checked: Jul 21 at 2:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eastern Consolidated
Investment Insights
Based on property information with market context.
951 First Avenue is a +/-4,960-square-foot, five-story mixed-use walk-up building with a ground-floor retail space and eight one-bedroom/one-bath apartments. The layout provides two apartments per floor on floors 2 through 5, configured as front/back units. The property includes six vacant free-market apartments, and one rent-stabilized unit that is vacant; the free-market apartments and the retail space will be delivered vacant at closing.
The building is situated on a 20’ x 164’ lot along the west side of First Avenue between E. 52nd and E. 53rd Street in Midtown East. It is located near the United Nations Headquarters and the 59th Street/Ed Koch Queensboro Bridge, with Toll Brothers City Living next door completing The Sutton, a 113-unit condominium project.
This offering is positioned for value-add repositioning, with vacant delivery of the apartments and retail space supporting renovation. Any unused development rights (air rights) were previously sold to the adjacent development and are no longer available to enlarge the existing structure.
The building is situated on a 20’ x 164’ lot along the west side of First Avenue between E. 52nd and E. 53rd Street in Midtown East. It is located near the United Nations Headquarters and the 59th Street/Ed Koch Queensboro Bridge, with Toll Brothers City Living next door completing The Sutton, a 113-unit condominium project.
This offering is positioned for value-add repositioning, with vacant delivery of the apartments and retail space supporting renovation. Any unused development rights (air rights) were previously sold to the adjacent development and are no longer available to enlarge the existing structure.
Key Highlights
- 4,960 SF, 5‑story Midtown East mixed‑use walk‑up with ground‑floor retail and 8 one‑bedroom, one‑bath apartments
- 8 residential units: 6 vacant free‑market apartments plus 1 vacant rent‑stabilized unit (deregulation possible with a proper renovation)
- All free‑market apartments and the retail space are delivered vacant at closing, enabling renovation/repositioning
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Five-story mixed-use walk-up includes ground-floor retail and eight one-bedroom units, with vacant delivery at closing.
Where is this mixed-use property located?
The property is located at 951 First Avenue New York, NY.
What are key features of this property?
This property features: 4,960 SF, 5‑story Midtown East mixed‑use walk‑up with ground‑floor retail and 8 one‑bedroom, one‑bath apartments; 8 residential units: 6 vacant free‑market apartments plus 1 vacant rent‑stabilized unit (deregulation possible with a proper renovation); All free‑market apartments and the retail space are delivered vacant at closing, enabling renovation/repositioning
