For Lease
$80/SF/YR

1134 1St Ave New York, NY 10065

Upscale Manhattan Restaurant, 3,775 sq ft

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional seven-story mixed-use building at 1134 1st Avenue, between E 62nd and E 63rd Streets in Lenox Hill, presents a unique investment opportunity. The property encompasses a fully vacant, 3,775 square foot restaurant space with a full kitchen on the ground floor, ideally suited for a variety of culinary concepts. Above the restaurant are eight free-market apartments, offering significant rental income potential and not subject to NYC rent stabilization laws. The building features a duplex penthouse with two bedrooms, two bathrooms, and two extra-large terraces. An additional sixth-floor unit also boasts a large terrace. The building is zoned C1-9. Its prime location on First Avenue provides easy access to major transportation hubs, renowned hospitals, upscale retailers, and a wealth of amenities. The property's configuration lends itself to a potentially lucrative condominium conversion, offering substantial upside potential for the discerning investor. This is a rare chance to acquire a free-market building of this size in a highly desirable Manhattan location.

Highlights

  • Seven-story mixed-use building at 1134 1st Avenue, Lenox Hill.
  • Ground floor features a 3,775 square foot vacant restaurant space with a full kitchen.
  • Eight free-market apartments offer significant rental income potential.
  • Duplex penthouse with two bedrooms, two bathrooms, and two large terraces.
  • Sixth-floor unit also includes a large terrace.
  • C1-9 zoning.

Property Details for 1134 1St Ave

Property type
Restaurants
RSF (Rentable sq. ft)
3,775 SF

Unit(s) available at that property

Space
Size
3,775 SF
Rate per SF
$80

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7616106
Longitude
-73.9602152

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FAQs

What type of property is this?
Restaurant - Upscale Manhattan Restaurant, 3,775 sq ft
Where is the restaurant located?
The property is located at 1134 1St Ave New York, NY.
What is the lease rate?
The lease rate is $80/SF/YR.
What are key features of this property?
This property features: Seven-story mixed-use building at 1134 1st Avenue, Lenox Hill.; Ground floor features a 3,775 square foot vacant restaurant space with a full kitchen.; Eight free-market apartments offer significant rental income potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Vadim Atbashyan
Vadim Atbashyan
Visit Broker Website

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1St Ave
New York, NY 10065

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1134 1St Ave
  • Vadim Atbashyan
    Vadim Atbashyan
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