889 1St Ave New York, NY 10022
This exceptional 1,950-square-foot commercial space at 889 1st Avenue, New York, NY 10022, presents a unique opportunity in the vibrant Midtown East neighborhood. The property, categorized as retail and office space, is currently vacant and available for immediate occupancy as a single-tenant space. Boasting a highly desirable corner location at the intersection of First Avenue and 50th Street, the space offers 44 feet of frontage on First Avenue, showcasing oversized glass windows and a glass door, ensuring excellent visibility and natural light. The ground floor encompasses 1,886 square feet, including dedicated storage areas. The layout is flexible, adaptable to a variety of uses, including restaurants, bars, medical offices, or retail establishments. The building is conveniently located near the 6, E, and M subway lines, providing easy access for employees and customers. While the space is not currently vented, the landlord is receptive to tenant proposals for modifications. The property benefits from high foot traffic throughout the day and night, surrounded by established bars, restaurants, and upscale residential buildings, creating a thriving and desirable commercial environment. This turn-key space is ready for immediate customization and occupancy. New York County location.
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ACCEA New York Branch Printing Service (Bike/Boat/Book/etc) Store
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Ching Cleaning & Laundry (Bike/Boat/Book/etc) Store
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.