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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

889 1St Ave New York, NY 10022

26,995 SF Built 1965
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 889 1st Avenue in New York City's highly desirable Midtown East neighborhood, specifically within the Sutton Place submarket cluster. The property, built in 1965 and renovated in 1988, offers a total of 26,995 square feet of retail space, currently configured for multiple tenants. Two spaces are immediately available, ranging in size from 520 to 1,950 square feet, providing flexibility for various retail concepts. The building boasts an impressive 44 feet of frontage on 1st Avenue, featuring oversized windows and glass floors to maximize natural light and visibility. The open floor plan allows for adaptable layouts to suit individual tenant needs. This prime location benefits from 24/7 high foot traffic, excellent public transportation access (E, M, 4, and 6 trains, plus numerous bus routes), and proximity to a vibrant mix of restaurants, bars, and other attractions. The property is situated in New York County, New York, with a zip code of 10022. This turn-key space presents a unique chance to establish a thriving business in a bustling and convenient location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Total area 26,995 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
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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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