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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

889 1St Ave New York, NY 10022

1,950 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,950 SF
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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