Financial
Distress signals
Property profile

214 1St Ave New York, NY 10009

FOR LEASE
Retail residential properties
Property ID
US63-3852227
16,760 SF 0.08 ac lot Built 1910
Last sale Oct 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 700-square-foot restaurant space is ideally situated on 1st Avenue in the vibrant East Village submarket, boasting a prominent 20-foot frontage on a bustling street. The property is classified as a single-tenant retail space, perfect for a discerning restaurateur seeking a well-established location. Key features include existing gas venting, making it immediately suitable for various culinary concepts. Crucially, the space is explicitly noted as unsuitable for pizza

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$361k
Tax billed · 2024
Assessed value$2.89M
Assessed land$396k
Assessed improvement$2.49M
Effective rate12.50%

Value estimate

· Sep 2026
$6.19M
$5.57M – $6.80M
CAP approach$8.22M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$632/SF
ZIP average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$340 – $917
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
General categoryRESIDENTIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home19.7
Assisted Living Facility19.1
Auto Parts Store16.8

Location

214 1St Ave New York, NY 10009
County assessor Recorded deeds · 4 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
204 Ave A, New York, NY 10009-3404 $8,685,244 Dec 2025 11,310 SF
170-172 2nd, New York, NY 10009 $21,990,000 Feb 2024 17,664 SF
444 13th, New York, NY 10009-3761 $4,205,000 Feb 2024 12,384 SF
508 12th, New York, NY 10009-3812 $19,500,000 Nov 2023 15,428 SF
504 12th, New York, NY 10009-3807 $19,500,000 Nov 2023 15,428 SF
213-215 4th, New York, NY 10009 $10,950,000 Oct 2022 18,781 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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