1966 1St Ave, New York, NY 10029
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.
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Dr. Jay Kumar, MD Pediatrician Physician
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Kulture Hub Media Distribution
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.