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    1St Ave New York, NY 10075

    For Lease
    Contact for pricing

    2,200 SF Retail, High Traffic Area

    Lot size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity presents a single-tenant space ideally situated on a bustling New York City corner. The property, built in 1962, boasts a generous 2,200 square feet of ground floor retail space, perfectly complemented by an additional 487 square feet of basement storage. The layout features floor-to-ceiling windows, providing excellent natural light and high visibility to passersby. A private bathroom adds to the convenience of this well-maintained space. Its location on a major retail corridor, within a densely populated residential neighborhood, ensures high foot traffic and significant potential for a thriving business. The single-story building offers easy accessibility and efficient use of space. This property is perfect for a variety of retail uses, including restaurants, and represents a rare chance to secure a prime location in a highly desirable area of New York City, zip code 10075, on 1st Ave. The building's 18 stories are not relevant to this retail space, which is located on the ground floor. This is a unique opportunity to establish a successful business in a vibrant and densely populated area. The property's strategic location and attractive features make it an exceptional investment prospect.

    Property Features for 0 1St Ave

    General Information

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

    Building Details

    Year Built
    1962
    Stories
    18

    Unit(s) available at that property

    Space
    Size
    2,200 SF

    HighLights

    • 2,200 SF ground floor retail space in a prime NYC location (10075) on 1st Ave.
    • 487 SF of basement storage.
    • Floor‑to‑ceiling windows offering excellent natural light and visibility.
    • Private bathroom.
    • High foot traffic location on a major retail corridor in a densely populated residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9524224
    Latitude
    40.7727331

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    FAQs

    What type of property is this?
    Restaurant - 2,200 SF Retail, High Traffic Area
    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: 2,200 SF ground floor retail space in a prime NYC location (10075) on 1st Ave.; 487 SF of basement storage.; Floor-to-ceiling windows offering excellent natural light and visibility.
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    1St Ave New York, NY 10075
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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 10075
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