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    Specialty properties

    1966 1St Ave, New York, NY 10029

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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Jay Kumar, MD Pediatrician Physician
    • Golden Opportunities Networking Social Service Agency Charitable Organization
    • Dr. Smile-a-lot Dental Office
    • IMPAC Business Management Consultant
    • Kulture Hub Media Distribution
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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