0 1St Ave New York, NY 10022
This exceptional commercial property, located on 1st Avenue in New York, NY 10022, presents a unique investment opportunity. The building, constructed in 1900, is a four-story structure featuring a desirable Class C designation. The property offers a total of 3700 square feet of space, strategically divided between 2200 square feet on the ground floor and an additional 1500 square feet in the basement. The ground floor boasts attractive glass frontage, ideal for maximizing street-level visibility and attracting customers. Previously configured as a restaurant, the space includes valuable existing features such as walk-in refrigerators, a commercial kitchen hood system, and a restroom. The single-tenant occupancy provides flexibility for a variety of uses, and the landlord is open to considering diverse business proposals. The building is equipped with elevators, adding convenience for both occupants and customers. This property's prime location in New York City, combined with its versatile layout and existing infrastructure, makes it an attractive prospect for a wide range of businesses seeking a well-established presence in a bustling urban environment. The property's traditional office subtype offers a blend of classic charm and modern functionality.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.