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    OFF-MARKET
    Retail properties & Spaces

    887 1St Ave, New York, NY 10022

    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,950 square foot retail space is ideally situated on the corner of 1st Avenue and East 50th Street in Manhattan's vibrant East Midtown neighborhood. Boasting 44 feet of frontage on 1st Avenue, the space features oversized glass windows and a glass door, ensuring high visibility and attracting significant foot traffic day and night. The ground floor offers 1,886 square feet, including dedicated storage areas. The layout is flexible, adaptable to various uses including restaurants, bars, medical offices, or other retail businesses. While currently unvented, the landlord is receptive to tenant improvement proposals. This Class A property is conveniently located near the 6, E, and M subway lines and bus routes. The surrounding area is densely populated with well-regarded bars, restaurants, and high-end residential buildings, creating a strong customer base. The asking price is $10,000. This turnkey space presents a unique opportunity for a discerning business owner seeking a high-impact location in a thriving market.

    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
    • Photo By Memry Photography Service (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    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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