889 1St Ave New York, NY 10022
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.
-
ACCEA New York Branch Printing Service (Bike/Boat/Book/etc) Store
-
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.