Property profile

1966 1St Ave New York, NY 10029

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 5,500 square foot special purpose property, zoned R7-2, is ideally situated in the vibrant East Harlem neighborhood of Manhattan, at 1966 1st Avenue, between East 101st and East 102nd Streets. The single-tenant occupancy presents a unique investment opportunity in a high-traffic area. Its convenient location offers excellent accessibility, with proximity to the N, Q, and R subway lines at 96th Street and the M15 bus route, ensuring easy commutes for both employees and patrons. The property benefits from a strong retail presence in the immediate vicinity, including well-known national brands such as McDonald's, Rite Aid, Dunkin', Duane Reade, Burger King, Foot Locker, White Castle, and Fine Fare Supermarkets, as well as local favorites like Perk Coffee, SNIPES, and Madame Bonte. This strategic location within a densely populated area guarantees high visibility and significant foot traffic, making it an attractive proposition for a variety of community-focused businesses. The property's R7-2 zoning designation provides flexibility for potential future development or adaptive reuse. This is a rare opportunity to acquire a well-positioned, single-tenant property in a thriving Manhattan neighborhood. The property is located in New York County, New York, with a zip code of 10029.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Social Service Agency Charitable Organization
  • Dental Office
  • Business Management Consultant
  • Media Distribution

Location

1966 1St Ave New York, NY 10029
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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