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    OFF-MARKET
    Retail properties & Spaces

    889 1St Ave, New York, NY 10022

    Property ID
    Property summary
    AI-generated overview

    This exceptional 520-square-foot retail space is ideally situated in the vibrant Midtown East neighborhood of New York City, at 889 1st Avenue, zip code 10022. Boasting 26 feet of frontage on 1st Avenue, the ground-floor location benefits from three large windows and a glass door, maximizing visibility and natural light. The space has undergone a complete renovation by the previous tenant, offering a flexible, turn-key solution for prospective businesses. High foot traffic is guaranteed, day and night, thanks to its prime location amidst well-regarded bars, restaurants, and upscale residential buildings. Its proximity to the United Nations further enhances its appeal. Convenient public transportation access is provided by the 6, E, and M subway lines, as well as the First Avenue bus route. This single-tenant property presents a unique opportunity to establish a thriving business in one of Manhattan's most sought-after commercial districts. The property is located in New York County.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    • ACCEA New York Branch Printing Service (Bike/Boat/Book/etc) Store
    • Ching Cleaning & Laundry (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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