887 1St Ave, New York, NY 10022
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.
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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.
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Risks
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