224 1St Ave, New York, NY 10009
This exceptional retail opportunity is located at 224 First Avenue, on the corner of 14th Street in the vibrant East Village of New York City. The property consists of two buildings, totaling 34,703 square feet, situated on a 12,821 square foot lot. Built in 1911 and renovated in 1984, the five-story structure offers a unique blend of historical charm and modern functionality. Currently configured as a single-tenant space, the property is zoned C1-7A, providing flexibility for a variety of retail uses. The building does not have elevators. The location boasts exceptional foot and vehicular traffic, benefiting from its proximity to a large residential population exceeding 5,000,000 residents and an adjacent complex with over 11,000 units. The high ceilings (7'1") offer ample space for creative retail design. This is a rare chance to secure a prime retail space in one of Manhattan's most sought-after neighborhoods. The asking rent is $8,500 per month. This property is currently awaiting vacancy.
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Bleza E MD Physician
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Sun Tan Nails Nail Salon
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Wines On First Specialty Food Shop Wine and Liquor 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
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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.