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$7,499,000
Est. payment /mo
11,158 SqFt
UPDATED:
Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,158 sqft
Price per Sqft $672
MLS Listing ID 502165
Year Built 1920
Annual Tax Amount $82,012
Property Sub-Type Mixed Use
Property Description
Located in the heart of Manhattan's highly desirable East Village, 87 1st Avenue offers an exceptional investment opportunity in one of New York City's most vibrant and sought-after neighborhoods. Situated on First Avenue between East 5th and East 6th Streets, the property enjoys convenient access to premier dining, shopping, entertainment, and cultural destinations. The East Village is renowned for its strong rental demand, diverse restaurant scene, vibrant nightlife, and enduring neighborhood appeal. Residents benefit from close proximity to Tompkins Square Park, New York University, and multiple subway lines options, including the F, 6, N, R and W, providing convenient access throughout Manhattan and the surrounding boroughs. Surrounded by popular restaurants, cafés, boutique retailers, and neighborhood amenities, the area continues to attract a diverse tenant base seeking the convenience and lifestyle of Downtown Manhattan. Nearby attractions include Emmy Squared Pizza, Nounou Noodle Bar, specialty cafés, local boutiques, and numerous acclaimed dining establishments that contribute to the neighborhood's energetic atmosphere. Characterized by a unique blend of historic pre-war architecture and modern developments, the East Village remains one of Manhattan's most desirable residential and investment destinations. This exceptional location offers a rare combination of stable rental demand, long-term appreciation potential, and unmatched access to everything Downtown Manhattan has to offer, making it an outstanding opportunity for investors seeking both current income and future growth.
Location
State NY
County New York (manhattan)
Area East Village
Zoning R7A
Rooms
Basement Separate Entrance
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Laminate, Parquet, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access Unknown
Building
Story 5
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Tiger Realty
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716