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    164 1St Ave New York, NY 10009

    • Investment properties
    • 9,577 SF
    • 0.05 lot acres
    For Lease
    View listing
    $100 SF/Yr
    Value Estimation
    $10,645,000
    Last Sale
    Oct 15, 2021
    $10,400,000
    Location Intelligence
    Property ID
    US63-0831095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • べろんべろん / Japanese Restaurant / Restaurant
    • Jintan / Japanese Restaurant

    Property Details for 164 1St Ave

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    9,577 SF
    Zone code
    R7A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00438-0001
    APU
    4380001

    Description

    This exceptional retail space, located at 164 1st Ave in New York City's vibrant East Village, offers a unique opportunity for a discerning business owner. The property boasts a total of 800 square feet, comprised of 400 square feet on the ground floor and an additional 400 square feet in the basement. Its prime location ensures high visibility and significant foot traffic, making it ideal for a variety of retail ventures. The space is currently available for lease as a single-tenant occupancy. The asking rent is $4,000 per month. The property is situated in New York County, New York, within the 10009 zip code. This is a fantastic opportunity to establish or expand your business in one of Manhattan's most sought-after neighborhoods. The property is suitable for many uses, however, smoke shops and CBD businesses will not be considered. The property's address is 164 1st Ave, New York, NY 10009. Its geographic coordinates are latitude 40.7287646 and longitude -73.9841332. This is a rare opportunity to secure a well-positioned retail space in a high-demand area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,060,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,880,000
      6.5%
      $10,525,000
      7%
      $10,765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,135,000
      Geo Method
      $9,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,730,000
      Retail
      $10,755,000
      Mixed-Use
      $8,875,000
      Hospitality
      $9,930,000
      Educational
      $10,730,000
      Residential Income
      $9,920,000
      Energy
      $9,940,000
      Income-Based Land
      $12,245,000
      Food Service
      $10,925,000

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9841
    Latitude
    40.7287
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $61,661
    $81,190
    $412,016
    $493,206
    -
    $819,000
    $4,156,200
    $4,975,200

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      View Details
    • Value Estimation
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      3,664 SF

      196 Ave A A

      OFFICE/RESIDENTIAL (MIXED USE) • 3,664 SF
      196 Ave A A, New York, NY 10009-3424
      View Details

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    164 1St Ave
    New York, NY 10009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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