Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1St Ave New York, NY 10075

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 1St Ave

    Year built
    1962
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Saratoga
    State
    New York
    Longitude
    -73.9524
    Latitude
    40.7727

    Comparable in this City

    • Value Estimation by Request

      1379 3Rd Ave

      Restaurants
      1379 3Rd Ave, New York, NY 10075
      View Details
    • Value Estimation by Request
      10,000 SF

      5005 5Th Ave

      Restaurants • 10,000 SF
      5005 5Th Ave, New York, NY 10075
      View Details
    • Value Estimation by Request
      700 SF

      1336 3Rd Ave

      Retail properties • 700 SF
      1336 3Rd Ave, New York, NY 10075
      View Details
    • Value Estimation by Request

      333 79Th St

      Medical offices
      333 79Th St, New York, NY 10075
      View Details
    • Value Estimation by Request
      5,544 SF

      1028 Madison Ave

      Individual retail properties • 5,544 SF
      1028 Madison Ave, New York, NY 10075
      View Details
    • Value Estimation
      $290,000
      10,803 SF

      45 80th St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 10,803 SF
      45 80th St, New York, NY 10075-0233
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,544 SF

      Madison Ave. Retail Opportunity

      Prime Corner Location, 5,544 SF
      1028 Madison Ave, New York, NY 10075
      View Details
    • Contact for pricing
      10,470 SF

      Attended Single Level Parking Garage

      Single level parking garage at residential condo base.
      525 E 80Th St, New York, NY 10075
      View Details
    • $750,000
      1,300 SF

      Upper East Side Medical Office

      Medical office in pre-war co-op building on Upper East Side.
      21 E 79Th St, New York, NY 10075
      View Details
    • $1,100,000
      1,500 SF

      Medical Office with Private Entrance

      Medical office featuring exam rooms, consultation room, and private entrance.
      325 E 79Th St, New York, NY 10075
      View Details
    • $14,900,000

      Fifth Avenue Apartment Building

      Apartment building located on Fifth Avenue in New York.
      969 5Th Ave, New York, NY 10075
      View Details
    • $1,200,000

      Apartment Building in New York

      Apartment building for sale in New York, NY.
      3 E 77Th St, New York, NY 10075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Prime NYC Corner Retail Space

      2,200 SF Retail, High Traffic Area
      0 1St Ave, New York, NY 10075
      View Details
    • $204,000
      1,600 SF

      Prime NYC Restaurant Space

      Upscale 1600 sq ft, high traffic location
      1379 3Rd Ave, New York, NY 10075
      View Details
    • Contact for pricing
      10,000 SF

      Prime Fifth Avenue Retail Space

      10,000 SF Restaurant Space Available
      5005 5Th Ave, New York, NY 10075
      View Details
    • Contact for pricing
      500 SF

      Upper East Side Retail Space

      Retail space for lease in the Upper East Side.
      1391 3Rd Ave, New York, NY 10075
      View Details
    • Contact for pricing
      4,000 SF

      Madison Avenue Turn-Key Space

      Turn-key gallery, office, retail, and showroom space on Madison Avenue.
      1011 Madison Ave, New York, NY 10075
      View Details
    • Contact for pricing
      600 SF

      York Avenue Retail Space

      Retail space available in busy Upper East Side neighborhood.
      1443 York Ave, New York, NY 10075
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1St Ave
    New York, NY 10075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.